The Gremlins are finally making a comeback, but this time they're heading to the small screen in animated form. Gizmo and Mr. Wing are set to lead a new animated series based on the 1984 horror/comedy classic from director Joe Dante. The project is being developed by Warner Bros. Television for the upcoming WarnerMedia streaming service, which doesn't yet have a name but is on track to possibly be released later this year.

According to a new report, Warner Bros. Television is partnering with Amblin Entertainment for the Gremlins animated series. This is the first original project that has been revealed to be in development for the WarnerMedia streaming service, which we first got wind of last year. The series is said to follow Mr. Wing, who was portrayed by Keye Luke in the original movie, during his younger years and will chronicle his adventures with the furry, lovable Gizmo. Tze Chun has been tapped to write and executive produce the series. His TV credits include Gotham and Once Upon a Time. On the big screen, he's worked on projects such as Cold Comes the Night and Children of Invention.

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This is sort of a good news, bad news situation, depending on one's hopes for the franchise. For years, there has been talk of either doing a live-action reboot or a proper Gremlins 3. Last year, star Zach Galligan launched a Twitter campaign to try and stir up interest in the potential sequel. Various version of the movie have come and gone over the years but nothing has ever been given the green light by the studio. Chris Columbus (Home Alone), who penned the original, has been involved. There is no word on if Columbus or Joe Dante will have any hand in the upcoming animated series or not.

News of the series doesn't necessarily mean that a new movie won't happen down the line. This could actually end generating renewed interest in the franchise and light a spark to get the movie going. WarnerMedia will need premium content for their streaming service to attract subscribers in an increasingly crowded marketplace. Disney is also launching Disney+ later this year in order to compete primarily with Netflix, in addition to Amazon and other companies such as Apple and Facebook, who are also making pushes into the streaming game.

Gremlins was released in 1984 and went on to become a huge hit, grossing more than $150 million at the box office. A sequel, Gremlins 2: The New Batch, was released in 1990, but failed to match the success of its predecessor. Kevin Reilly, who is in charge of the upcoming service, recently said that it will initially launch without any original content, but that originals should be expected to arrive in 2020. So that gives us some sense of a timeline when it comes to when we may actually see this show arrive. We'll be sure to keep you posted as any further details on the series are made available. This news was first reported by Variety.