Icons of Fright's Jsyn recently caught up with director Don Coscarelli at the NYC Horror Film Festival.
Coscarelli told him that the widely reported rumor that New Line is going to be producing a new PHANTASM trilogy is not true. Apparently, it was a premature leak and the deal did not pan out for whatever reasons. Coscarelli said he would definitely like to do them because he loves working with Reggie and Angus, but wants to wait for the right studio that will treat the franchise respectfully.
The director also told Icons of Fright that he fully intends on doing a sequel to BUBBA HO-TEP, it's just a matter of "when".