UPDATE: Perlman says it’s not true…

Guys, please don't fall for all the clickbait. No one is remaking "Labyrinth." That movie is perfect as it is.

— Nicole Perlman (@Uncannygirl) January 24, 2016

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Labyrinth, the 1986 Jim Henson cult classic starring David Bowie and a young Jennifer Connelly, is getting rebooted by Tristar Pictures and the Jim Henson Company, Pitchfork reports. Guardians Of The Galaxy co-writer Nicole Perlman is on board to write the script. According to The Hollywood Reporter, where the news initially surfaced, it’s unclear if the new iteration will be a straight remake or a sequel — or something in between, a la The Force Awakens — but Entertainment Weekly is now reporting it as a direct sequel. Either way, so much of the movie’s magic stems from David Bowie’s magnetic appeal as Jareth, the baby-snatching Goblin King, and I really can’t imagine who could possibly replace him. Check out the “Magic Dance” below.