It was announced earlier this year that Ready or Not filmmakers Matt Bettinelli-Olpin and Tyler Gillett will be resurrecting the Scream franchise for Spyglass Media Group, with David Arquette confirmed to reprise the role of Dewey Riley. Today we’ve learned that Spyglass has joined forces with Paramount, with the studio set to release the film!

The plan is for Paramount to release the untitled sequel in 2021.

Plot details are under wraps but the film will be an original story co-written by James Vanderbilt (Murder Mystery, Zodiac, The Amazing Spider-Man) and Guy Busick (Ready or Not, “Castle Rock,”) with Project X Entertainment’s Vanderbilt, Paul Neinstein and William Sherak producing for Spyglass.

Creator Kevin Williamson will serve as executive producer. Matt Bettinelli-Olpin and Tyler Gillett of the filmmaking group Radio Silence (Ready or Not, V/H/S) will direct and the third member of the Radio Silence trio, Chad Villella, will executive produce alongside Williamson.

Principal photography will begin later this year in Wilmington, North Carolina when safety protocols are in place.

Though Arquette is the first member of the film’s ensemble to be officially announced, conversations are underway with other legacy cast members.

Neve Campbell recently revealed that conversations regarding the potential return of Sidney Prescott are underway, and Matthew Lillard has even expressed interest in returning – if, ya know, that’d even be possible. Stu Macher, after all, is quite dead. Or is he…?

Radio Silence said in a recent statement, “It’s impossible to fully express how much Wes Craven’s work and the ‘Scream’ movies in particular mean to us as fans and have influenced us as storytellers. Kevin Williamson’s incredible stories have entertained and inspired us for decades and we’re insanely honored to have the opportunity to be a part of the cinematic world Wes and Kevin so brilliantly created together. Jamie and Guy’s amazing script does that legacy justice and we’re so excited to bring the next chapter of ‘Scream’ to life.”

Williamson said, “I’m excited to reteam with David and work with Jamie, Guy and Radio Silence on the next ‘Scream.’ Their take on the movie is both original, inventive and honors Wes’ legacy in a wonderful way. ‘Ready or Not’ was my favorite horror film of last year and I can’t wait to see what their amazing talents bring to the ‘Scream’ universe. I’m thrilled to be a part of it.”

“Just the fact that we get to sit in a room with Kevin Williamson and talk about a new ‘Scream’ movie is a dream come true for me. For years I’ve wanted to see a new ‘Scream’ movie, and now we get to help make one. We want this to be a love letter to the movies Wes and Kevin created together and to the fans,” said Vanderbilt.

This collaboration re-teams Radio Silence with Sherak and Vanderbilt who served as producers on the critically-successful horror comedy Ready or Not, written by Busick and Ryan Christopher Murphy for Fox Searchlight. Radio Silence also contributed to the anthology films Southbound, and V/H/S as well as the horror mystery feature film, Devil’s Due.