It's been a long time coming, but Gremlins 3, the third chapter in the cult classic fantasy horror franchise created by Warner Bros. in the '80s, is officially happening. The project will see the return of the original executive producer and Hollywood icon Steven Spielberg, who backed the original 1984 film and the 1990 sequel, and will produce via his label Amblin Entertainment. It has also been announced that Chris Columbus, famous for his work in the Harry Potter and Home Alone franchises, will be back to write the sequel, but will also be sitting in the director's chair.

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