“Most excellent!” Twenty-seven years after we last saw the totally radical pairing of Ted “Theodore” Logan and Bill S. Preston Esq., Keanu Reeves and Alex Winter are now confirmed to reprise their roles in a third Bill & Ted movie. Bloom is launching sales in Cannes on the long-gestating time-travel comedy, which is called Bill & Ted Face the Music. The movie is likely to be one of the hottest properties at the market.

Currently in pre-production, the movie has been written by the franchise’s creators Chris Matheson (Imagine That) and Ed Solomon (Men in Black), with Dean Parisot (Galaxy Quest) confirmed to direct. Scott Kroopf (Limitless) will produce together with Alex Lebovici and Steve Ponce of Hammerstone Studios, with Steven Soderbergh serving as an executive producer alongside Scott Fischer, John Ryan Jr., and John Santilli.

. Bloom

When we last picked up with the most audacious dudes they were time-traveling teenagers trying to pass history class and win the battle of the bands. Once prophesized to save the universe with their rock ‘n’ roll, according to the production the new movie will see the two best friends as middle-aged men with family responsibilities who have yet to fulfill their destiny. They’ve written thousands of tunes, but they have yet to write a good one, much less the greatest song ever. With the fabric of time and space tearing around them, a visitor from the future warns the duo that only their music can save life as we know it. Out of luck and inspiration, Bill and Ted set out on another time-travel adventure — with the help of their daughters, a new crop of historical figures and some sympathetic music legends — to seek the song that will set their world right and bring harmony in the universe as we know it.

MGM owns the rights to the film and will release in the U.S. and Canada under their Orion Pictures banner, while Bloom is handling international sales. Endeavor Content negotiated the U.S. deal. The project has already piqued the interest of buyers in Cannes, we understand.

Winter and Reeves said today: “We couldn’t be more excited to get the whole band back together again. Chris and Ed wrote an amazing script, and with Dean at the helm, we’ve got a dream team”

Bill & Ted’s Excellent Adventure (1989) and Bill & Ted’s Bogus Journey (1991)became cultural landmarks for a certain generation — the nostalgia factor alone could be a big pull for some audiences — as well as lucrative comedies in their own right. The movie also comes at time when promising and scaled comedies are in short supply. Bloom’s Alex Walton said, “Fans of Bill and Ted have been waiting for Reeves and Winter to reunite since their last Bogus Journey in 1991. This is excellent!”

Reeves is in production on the third installment of the John Wick franchise. Winter more recently has transitioned to writing and directing, with credits including Epix documentary Deep Web and VH1 documentary Downloaded. Next up he has the Frank Zappa docu Zappa.

In Cannes, Bloom is also selling Julius Onah’s Luce starring Naomi Watts, Octavia Spencer, Tim Roth and Kelvin Harrison Jr.; Yuval Adler’s The Operative; Josh Trank’s Fonzo starring Tom Hardy; David Sandberg’s Kung Fury starring Michael Fassbender; Sam Levinson’s Assassination Nation, and Matthew Heineman’s A Private War starring Rosamund Pike.

Reeves is represented by WME and Ziffren Brittenham; Winter is represented by CAA, Forward Entertainment, Hollander Entertainment and Sloss Eckhouse LawCo; Parisot is represented by WME; and Hammerstone Studios is represented by Rosen Law Group.