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WB also announces the LeBron James Space Jam 2 has a July 16, 2021 release date, and that both of the aforementioned movies will be released in IMAX. LeBron James is set to star, just as Michael Jordan led the first movie, and Black Panther filmmaker Ryan Coogler is onboard as a producer with Terence Nance (Random Acts of Flynes) in the director's chair. The sequel is something that has been in development for years and was always set to feature Lebron James.

For years, fans have been joking about a possible sequel to the hit live-action/animation hybrid film starring National Basketball Association star Michael Jordan alongside the beloved characters of the Looney Tunes, Space Jam, and now it's finally happening.

Warner Bros. did not immediately return a request for comment. Following the release date announcement of the film, Iron Galaxy's Dave Lang chimed in on Twitter and basically demanded that he be the one to work on the game if it were to happen. James had been rumored to be in talks to star in a second "Space Jam" for years.

While still considered part of the Space Jam franchise, the new film will not be considered a sequel to the original. The cult classic starred Michael Jordan and the wily cast of characters of the Looney Tunes, including the iconic Bugs Bunny. The latter likely won't end up making its planned premiere, as all Marvel movies now in development at 20th Century Fox are on hold until the merger between Fox and The Walt Disney Company goes through, at which point Marvel Studios president Kevin Feige will take over the franchise and do with the X-Men movies (and all the characters Disney is buying from Fox) what he pleases. "Love that movie. Wish I could do Space Jam 2!".

Lakers star LeBron James and Black Panther director Ryan Coogler are teaming up to create the project.