‘The Goonies 2’ officially in development decades later

The Goonies part two is officially underway, produced by Steven Spielberg and Chris Columbus.

According to the Entertainment Weekly, a representative from the Warner Bros Studio confirmed the news on February 14th.

The script is written by Potsy Ponciroli and Columbus, who originally wrote film and went on to film the fist two parts of Harry Potter and Home Alone movies, is producing the film.

Meanwhile, Spielberg, who wrote also wrote the story and was the executive producer for the original film, is also producing alongside Kristie Macosko Krieger and Holly Bario.

Lauren Shuler Donner, wife of the first instalment's director, late Richard Donner, is the executive producer of the upcoming film.

No director for is the film is announced yet.

The story follows a group of Oregonian kids who raced against the menacing Fratelli family to find pirate treasure and save their houses from foreclosure.

The announcement of sequel would’ve been a delightful news for the fans as they have long requested a sequel, but this is the first time a follow-up project has officially gained momentum in decades.

The Goonies starred Sean Astin, Ke Huy Quan, Corey Feldman, and Jeff Cohen as the primary group of young adventurers, with Josh Brolin, Martha Plimpton, and Kerri Green accompanying them on their perilous quest.