Three months ago, we learned that papers filed in Delaware Bankruptcy Court made clear that an old output deal between The Weinstein Company and Netflix has been deemed terminated.

Pursuant to an agreement, the streaming giant would have no obligation to accept delivery or make payments with respect to motion pictures, television shows or any other content that hasn’t already been delivered by July 11. This includes the long-delayed third season of “Scream”.

While the termination has commenced, it wasn’t official until this past Friday, writes Reuters. TWC has agreed to settle the three-month-long contract dispute with Netflix over the television series “Scream,” the bankrupt film studio’s chief restructuring officer said in court papers that were filed late last week. Terms of the deal with Netflix were not disclosed.

What does this mean for the show? Here’s what I explained a few months ago: It’s a piece of fascinating evidence for the potential holdup. It’s quite possible that it couldn’t be aired until the asset was cleared by Netflix. Now that it’s no longer residing at the streaming service, Lantern can now shop the series to another suitor as they work on release plans. This is by no means what’s going to happen, and is purely speculation on my part, but for those hoping to see “Scream” sooner rather than later this news offers up hope. With the rights not tied up in the debacle, it could only be a matter of time before Ghostface returns to action.

Thanks to @frightseason for sending me the link.

The six episode third season revolves around Deion Elliot, a local star running back whose tragic past comes back to haunt him at the worst time, threatening his hard-earned plans for his future — and the lives of his unlikely group of friends.

“Teen Wolf” star Tyler Posey will play the series regular role of Shane, a high school dropout. The character is described as a drug dealer and party promoter who is always hustling in order to make money. But beneath that exterior, there’s more to Shane than anyone realizes.

The new cast also includes Mary J. Blige, Keke Palmer (“Scream Queens”), RJ Cyler (I’m Dying Up Here), Giorgia Whigham (13 Reasons Why), Jessica Sula (Recovery Road), rapper Tyga (aka Michael Ray Stevenson), C.J. Wallace and Giullian Yao Gioiello (Julie’s Greenroom).

The all-new “Scream,” based on Wes Craven’s now-classic big-screen bloodbaths, is executive produced by Queen Latifah, Shakim Compere and Yaneley Arty for Flavor Unit Entertainment. Brett Matthews (Vampire Diaries, Supernatural) will serve as Showrunner and Executive Producer. Additional Executive Producers are Wes Craven, Tony DiSanto, Liz Gateley, Marianne Maddalena and Cathy Konrad. Matthew Signer & Keith Levine are Producers. Maggie Malina and Dana Gotlieb-Carter are Executive Producers for MTV.