Photo: Everett Collection

Bright light! Bright light! Our sources tell us that, in keeping with Hollywood’s mandated pop culture recycling program, Warner Bros. Pictures is negotiating with Steven Spielberg’s Amblin Entertainment to reboot their 1984 horror comedy, Gremlins.

We’re also told negotiations of this sort have happened several times over the years, but making Spielberg’s deal always proved too daunting a financial prospect and his involvement might simply be a requirement for making the film at all, so don’t hold your breath. Having said all of that, our sources tell us that it might just actually come off this time. This wouldn’t be something Spielberg would direct, of course – he only executive produced the original, with Joe Dante behind the camera – but it never hurts to have the Great Man’s name on your project. A Spielberg spokesman said that the appropriate executives were not available for comment. We’ll keep you updated…