For the last couple of years, there have been occasional whispers and reports that Bill & Ted 3 was slowly moving forward. The last we heard were a few tweets from Alex Winter in March where he revealed the script was ready and that they are awaiting a green light. Now it’s been revealed that Dean Parisot (Galaxy Quest) has signed on to direct, so a greenlight might be closer then we think, although financing is still an issue.
Ed Solomon and Chris Matheson, the writing team behind Bill and Ted’s Excellent Adventure and Bill and Ted’s Bogus Journey, wrote the screenplay for this third adventure. Last April, Keanu Reeves revealed that the story would revolve around Bill and Ted writing a song that eventually saves the world.
It still isn’t known what studio this sequel will land at. MGM Studios currently owns the rights to the franchise, but it is said that this package is being shopped around to other studios for co-financing. It isn’t known when production will begin, although it will have to wait until Dean Parisot wraps on Red 2, which he starts shooting next spring. (Source: Vulture)