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Update: There's No 'Labyrinth' Sequel in the Works

Sad news for everyone who got their hopes up following Friday's rumors of a Labyrinth sequel: iI's not happening.

Entertainment Weekly has cleared the air following a report that erroneously listed another Labyrinth film as a project in development at the Jim Henson Company. While the other two projects listed in the original Variety article -- a Fraggle Rock movie and a Dark Crystal sequel -- are still in the works, the same can't be said for Labyrinth. In fact, plans for a sequel/reboot/prequel/anything have apparently been greatly exaggerated.

While a financial disappointment upon its release in 1986 (the film made $12.7 million on a budget of $25 million), the fantasy starring Jennifer Connelly and David Bowie has experienced a resurgence in popularity and become a cult classic.

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Judging by the rate that retro franchises and fan-favorite films are getting either sequels or reboots these days, there's always a chance that Bowie will don the Jareth wig once again -- it just doesn't appear that that will happen any time soon.

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