While offers for the series reportedly came from Netflix, Amazon, Hulu and AMC, YouTube Red was the victor and the series is set to premiere on the streaming service in 2018. YouTube recently announced a slew of new shows for 2017 and a handful of renewals. It also said that its original shows have hit nearly a quarter billion views. As noted by the Hollywood Reporter, YouTube execs have been looking to attract a slightly older audience than what it has been and the reboot seemed like a good way to do that. But I don't know if true fans of The Karate Kid are going to be into a TV comedy series that will have a hard time standing up to the original.

Cobra Kai will be written and produced by Hot Tub Time Machine's Josh Heald alongside Jon Hurwitz and Hayden Schlossberg of Harold and Kumar. "Like everyone who grew up in the 1980s, the three of us are enormous fans of The Karate Kid​," the three said in a statement. "Cobra Kai​ will be a true continuation of the original films — packed with comedy, heart and thrilling fight scenes. We can't wait to reignite the LaRusso-Lawrence rivalry, and we're thankful to our partners at YouTube Red, Sony Pictures Television and Overbrook for their shared enthusiasm in making our dream project a reality."