Movies possess a unique magic, capable of weaving tales so compelling that they simply demand continuation. When a premise is both fun and terrifying, viewers know a sequel is inevitable, and few franchises exemplify this like the creature-filled world of Gremlins.

If you need a refresher on the rules of caring for a gremlin, allow us to jog your memory: Don’t get them wet, don’t feed them after midnight and don’t expose them to bright light. You’re going to need to know soon enough,

35 years later, Warner Bros has finally announced it’s making a Gremlins 3. The new sequel will be executive-produced by Steven Spielberg, who reportedly was denied a chance to make a Call of Duty movie, so why not help produce a new Gremlins movie instead?