Could a third Gremlins movie happen? Should a third Gremlins movie happen? Well, there’s been talks of one for years now, and now star Zach Galligan has been giving an update on where things currently stand.

Speaking to Bleeding Cool about the possibility of a Gremlins 3, Galligan, who famously played Billy Peltzer in the first two Gremlins efforts, said, “I think you can tell what’s happening with Gremlins 3 the same way you could tell with Gremlins 2. It’s the same people and they tend to work the same way. There is a huge time gap but it’s Warner Bros, Spielberg and Chris Columbus. Now, Chris Columbus didn’t have anything to do with Gremlins 2 – because by his own admission he didn’t see a franchise. He kind of regrets it I believe, but he was ‘one and done.’ I don’t think he cared for Gremlins 2 and the direction some of the characters went in, so he’s kind of wrestled control back. Everything I’m quoting is stuff he’s publicly said: ‘There will NEVER be a remake. There will NEVER be a reboot. There will only be a SEQUEL.”

The actor then added, “Chris Columbus has been aggressively working on a Gremlins 3 that takes place in present day. He tantalizingly says there will be some NEW characters and some OLD characters – I guess in the style of a Force Awakens type sequel. One thing we know for sure is they have a writer on board. The only insight I can give is the following: there was a six-year gap between Gremlins and Gremlins 2; most of that time was spent with them writing and rejecting ideas and rewriting. One of the ideas that was rejected was ‘Gremlins in Vegas’. They went with that for 18 months and felt it was too expensive. Eventually they came up with the tower idea, where essentially I’m working for Donald Trump, our new President! That took six years to happen. Carl Ellsworth has been apparently working on the script for a year and a half now. If no new names start appearing on the IMDb listing then that means they like the script. If new names start appearing, y’know Kevin Smith appears, it means it’s back in rewrites with a new vision.”

Adamant that Gremlins 3 will happen at some point, Galligan enthused, “Warner Bros. definitely wants it, Chris Columbus wants to do it because he’d like to undo the Gremlins 2 thing as he wasn’t thrilled with it, and Spielberg wants to do it I imagine – because he’s Spielberg – and why wouldn’t he want to do it. Once he’s found the right script he can attach his name and make a ton of money. Not sure that there’s anything wrong with that.”

Whilst this all adds up to not much right now, it looks as if Zach Galligan is certainly keen to get Gremlins 3 to the big screen somewhere down the line. When and if that happens, we’ll have to wait and see.