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Netflix has closed a deal with Skydance to produce a reimagining of the successful 2001 “Spy Kids” franchise alongside Spyglass Media and creator and director Robert Rodriguez, the companies announced on Wednesday.Rodriguez will write and direct the new film, and like the original series, the new “Spy Kids” movie will focus on a multicultural family of international spies.The film will mark Rodriguez’s second family film with Netflix, following the 2020 family action film “We Can Be Heroes.” The original “Spy Kids” was released 21 years ago Wednesday, to the day.Spyglass owns the “Spy Kids” franchise. Skydance will serve as the lead studio and oversee development and production.

Netflix has closed a deal with Skydance to produce a reimagining of the Spy Kids franchise, alongside Spyglass Media, LLC and filmmaker Robert Rodriguez (We Can Be Heroes, Alita: Battle Angel), who created the film series and directed all past installments.

A sequel to the latest reboot of “Scream” has officially been greenlit by Paramount and Spyglass. The directors of the fifth “Scream” film, the team Radio Silence, or Matt Bettinelli-Olpin and Tyler Gillett, will be back to direct, as will writers James Vanderbilt and Guy Busick to write the script. Thus far their film has grossed over $100 million at the box office on a budget of around $20 million.

Following the box-office success of the latest installment, Spyglass Entertainment and Paramount Pictures have given the greenlight to move forward with the next installment of Scream. Returning for the next film are directors Radio Silence with Matt Bettinelli-Olpin and Tyler Gillett at the helm and James Vanderbilt & Guy Busick co-writing the screenplay. Project X Entertainment’s Vanderbilt, Paul Neinstein and William Sherak are serving as producers. Creator Kevin Williamson and the third member of Radio Silence, Chad Villella, are executive producing alongside Spyglass’ Gary Barber and Peter Oillataguerre.

Rebecca Rubin Film and Media ReporterSkydance Media has optioned the rights to “Spy Kids” and plans to reimagine the franchise about a family of super-secret agents.Robert Rodriguez, who created the original series, has returned for the upcoming reboot, which he will write and direct.Spyglass Media, which owns the “Spy Kids” franchise, is also on board.

Spyglass Media has tapped Peter Oillataguerre as president of production. Oillataguerre will run theatrical production for the company, including creative development, physical production and postproduction, Spyglass chairman and CEO Gary Barber announced Monday.

By Amanda N'Duka

By Dave McNary