Over two decades after Michael Jordan helped Bugs Bunny save the world in 1996's Space Jam, the sequel to that beloved 1990s film will see LeBron James stepping into the Nikes and team up with Bugs Bunny and the Looney Tunes to shoot some intergalactic hoops.

Now, we know when the Tune Squad will play again. As the Hollywood Reporter noted, Warner Bros. announced that Space Jam 2  will be released on July 16, 2021.

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This long-awaited sequel will be LeBron James's first leading role, although he has appeared in a few other movies, including a small role in the comedy Trainwreck and a voice in the animated movie Smallfoot.

Behind the camera, Space Jam 2 has an equally impressive pedigree. The film is set to be directed by Terrence Nash (HBO's Random Acts of Flynes) and is being produced by Black Panther director Ryan Coogler.

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In 1996, the first Space Jam saw Bugs Bunny enlist the help of Michael Jordan and featured several other NBA superstars. That movie  saw an alien named Mr. Swackhammer capture the Looney Tunes characters with the help of the Nerdlucks. When the cartoon characters challenge them to a game of basketball to fight for their freedom, Swackhammer steals the basketball skills of NBA stars Patrick Ewing, Charles Barkley, Mugsy Bogues, Shawn Bradley, Larry Johnson, which he placed into the bodies of the Moonstars.

While there's no word about Space Jam 2's potential plot, there's no telling if other NBA stars will appear in the film alongside James. Considering the first film's talent roster, it wouldn't be too surprising if sports stars like  Anthony Davis, Kevin Durant, Russell Westbrook or Kyrie Irving got in on the action too.

Directed by Terrence Nash, Space Jam 2 stars Lebron James and is set to be released on July 16, 2021.