Earlier this month, it was revealed director Jason Reitman -- son of original Ghostbusters director Ivan Reitman -- would be co-writing and directing a Ghostbusters film set in same continuity as the original films. That project now has an official release date.

According to Deadline, Sony has announced the movie will hit theaters on July 10, 2020. The film, which is set in present day New York, is described as "the next chapter" in the story started in the original 1984 supernatural fantasy comedy and continued in its 1989 sequel. The movie will involve passing the torch to the next generation of professional paranormal investigators and eliminators. A teaser trailer was released shortly after the film was announced.

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The film is not connected to the 2016 Ghostbusters remake directed by Paul Feig that starred Kristin Wiig, Melissa McCarthy, Kate McKinnon and Leslie Jones. Bill Murray, Dan Aykroyd, Ernie Hudson and others from the original cast made cameos in that film but did not appear as their original characters.

Reitman, who himself had a cameo as a rude child at a Ghostbusters-themed birthday party in Ghostbusters II, will direct a script co-written by himself and Monster House and Poltergeist remake filmmaker Gil Kenan. Reitman's father Ivan will produce the film. There has been no official confirmation that Bill Murray, Dan Aykroyd, Ernie Hudson and others from the original film will appear in the sequel, despite interest in the the upcoming movie's direction.

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The untitled Ghostbusters sequel is scheduled to premiere on July 10, 2020. Casting information is not yet available for this movie.

Update: An older version of this article stated the date as July 20. This article has been update to reflect other sources, which claim July 10 is the movie's release date. We apologize for the error.