The Hollywood Reporter has learned that Netflix has just gotten into the Pee-wee Herman business. The streaming service has announced that it will handle the worldwide release of Pee-wee's Big Holiday. The film, which will be produced by Judd Apatow, will mark Paul Reubens' first full-length Pee-wee project since the end of the Pee-wee's Playhouse series in 1990.

"Judd and I dreamt up this movie four years ago," said Reubens as Herman in a statement. "The world was much different back then -- Netflix was waiting by the mailbox for red envelopes to arrive. I've changed all that. The future is here. Get used to it. Bow tie is the new black."

Big Holiday was written by Reubens and Comedy Bang! Bang!'s Paul Rust. The film will reportedly find Pee-wee going on his first-ever vacation, and he announcement touts the film as an "epic story of friendship and destiny." John Lee (Broad City, Inside Amy Schumer) will make his feature film directorial debut with Pee-wee's Big Holiday.

The project was originally with set up at Universal before the recent move to Netflix. The streaming service currently includes Pee-wee's previous feature films and television series among its content. "We didn't hesitate for a moment knowing that Pee-wee's Big Holiday was such a passion project for Paul and Judd, and we are delighted by the opportunity to introduce such a beloved character to a new generation," said Netflix chief content officer Ted Sarandos in the statement.