Director Ivan Reitman on why the time is finally right for Ghostbusters 3

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Dec 14, 2012, 3:54 PM EST

Ivan Reitman, who directed Ghostbusters, told a Los Angeles audience that the time finally feels right to seriously develop the long-awaited, often-rumored Ghostbusters 3. Reitman introduced an anniversary screening of the original film in support of the upcoming Blu-ray release.

"We're going to get a screenplay in a short time," Reitman said Wednesday night. "We're going to see how it is. There's something in the zeitgeist of the world right now that it feels appropriate. There are some very talented people writing the screenplay. All of our fingers are crossed."

Before his introductory remarks, Reitman spoke to a group of reporters about the Blu-ray, the Ghostbusters video game and the new sequel. The following Q&A features edited excerpts of that interview. Ghostbusters arrives on Blu-ray June 16.

What finally made a Ghostbusters 3 a real possibility?

Reitman: I actually think the combination of both the Blu-ray release and the new game sort of awakened the thirst of at least the creators of the movie to start to rethink it more seriously, the possibility of a sequel. It's something that's been sort of dormant in our minds, really, for the last 10 years or so, and there have been two things that sort of told us, "Wow, people still seem to be really interested in this story, and the characters in this story." More importantly, it sort of reawakened the joy of working on this film in both iterations.

Did the new sequels to Indiana Jones, Rocky, Rambo and Die Hard more legitimize the idea of revisiting Ghostbusters?

Reitman: No, for me, that actually makes me much more wary, frankly, but it's never been about the other movies. There have been a ton of sequels almost to all these sort of historical big movies over the years. We've never really done it. Now it's been 25 years since the first one. It's not like we'd be taking advantage of the power of the movie.

Would the new story be about passing the torch to a younger generation of comedians?

Reitman: Yeah, I think that is part of the story that we're working on right now. We'll see how it turns out. One of the reasons there's not Ghostbusters 18 right now is that we're basically this family that all have an equal voice in something. The studio is one of five equal voices. The studio would have liked to have made a bunch of them, and we've been really quite selective. Frankly, any of us can kill it.

And Gene Stupnitsky and Lee Eisenberg now have a voice with the new script?

Reitman: Except for an outline, I have yet to read anything, so I think they're going to hand something in in the next month or two.

What are your hopes and fears for a new Ghostbusters?

Reitman: The most important thing [is] we don't want it to be certainly a disappointment to the people who have sort of taken this very much to their hearts. I feel the responsibility as the producer and director of the original in a very legitimate and real way. It was hard enough to do that sequel, but I think the time is kind of right. I just sort of felt it lately and said that to Columbia, so we've started this journey. The most important thing is that the script is good. I think we can find actors who can join the original group of actors to make something special of it.