There's been some breaking news for Labyrinth fans: There will be a sequel, and it will be directed by Scott Derrickson, who originally passed on directing Dr. Strange 2 in light of creative differences.
According to Deadline, Maggie Levin, who wrote and directed "Into the Dark: My Valentine" on Hulu, will write the script.
Rolling Stone adds that Jim Henson's daughter, Lisa Henson, of the Jim Henson Company, will produce it. Jim Henson's son Brian will be executive producer.
“Think I’ll write a screenplay today,” Levin joked on Twitter earlier today.