Bill & Teds Excellent Adventurehit theaters in 1989 and became a box office phenomenon.

It was a multimedia franchise for the multimedia age.

There was a cartoon spin-off, a live-action TV spin-off, a Nintendo game.

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Peggy Sirota for EW

Almost 30 years later, Hollywood runs on reboots and revivals.

(The most-watched show of 1989 wasRoseanne,currently earningbig 80s ratings on 2010s internet television.)

Could there be anotherBill & Tedmovie?

The lead actors had kept in touch over the years.

And the possibility of a newBill & Tedmovie actually first came up over a decade ago.

In show business, Reeves says, wearily, Theres show and then theres business.

We get rejected right about the now you may kiss the bride part of it.

Solomon and Matheson wrote a complete script for the third film on spec.

We wanted to get it right, Solomon explains.

Youre told youre gonna save the world, Matheson says.

And now youre 50 and you havent done it.

Everybodys a little older now, notes Reeves.

Theres certain comparisons, says Winter.

A rock band that never goes to the place it thought it was going to get to.

Indomitable spirits confronted with, Is this the end?'

I think its kind of likeA Christmas Carolwith Bill and Ted, teases Solomon.

Looking at their lives, and really kind of rediscovering what theyre about.

We are hoping to close a deal with some financiers, says Solomon.

Hopefully within the next month or so, well have news that will stick.

We went out and found a director, says Winter.

Dean Parisot, who we love, didGalaxy Quest, which is a masterpiece.

Steven Soderbergh is one of the producers on it, says Solomon.

Along with Scott Kroopf, the original producer [ofExcellent AdventureandBogus Journey].

WillBill & Ted Face the Musictriumphantly emerge from development hell as triumphantly as the main characters ascended fromactualHell?

Going to every studio, and theyre like, What the eff is this?

Im really happy that this one is the same.

We have rebranded very successfully.'

You cant go wrong with: Be excellent to each other.

And: Party on!

Now we have to make the third one, says Winter.