Back in January, we reported the rumor (which came from Marketsaw whose stories must be taken with a warehouse full of salt) that Gremlins 3 may be happening and happening in 3D. Empire spoke with the director of the first two films, Joe Dante, this weekend and Dante said unequivocally that Gremlins 3 was not happening, could therefore not happen in 2D or 3D, and the studio could not ask for him to direct a project that didn’t exist. However, Dante believes that the property is too valuable for the studio not to give it a remake or a sequel, but that doesn’t mean they’ll ask him to return. In any case, at this moment nothing is happening.
Dante’s next film, The Hole 3D, is still looking for U.S. distribution. It is his first film since 2003′s underrated Looney Tunes: Back in Action. Hit the jump to check out the trailer for The Hole 3D.