Studio bosses maintain they consulted Parker before shooting this year's (09) Fame movie, which is currently at the top of the U.K. box office, but the veteran filmmaker insists he was never contacted.
And Parker, whose 1980 version won two Academy Awards, is annoyed he can't do anything because officials at MGM own the rights to the original.
He says, "It's a bit like being mugged. Such are the realities of Hollywood manners and American copyright law.
"I have never had a single phone call from anyone - the studio, the producers - about this remake. No one spoke to me about it. To say so is absolute nonsense. I feel very much that Fame is mine. I spent months with the kids at the school then spent a year making the movie. You do the work and make it as good as it can be, and you try to protect it.
"Then, because the copyright is owned by the studio, as with almost all American feature films, they can do a remake like this. It's extremely galling. There is no other area of the arts where you can do that."
Parker told Britain's Daily Telegraph he is considering legal action over the new moviemakers' use of the Fame logo, which MGM does not own the rights to.