UPDATE: Keanu Reeves Says ‘Bill & Ted’ Sequel May Not Happen After All

Fans of “Bill & Ted’s Excellent Adventure” had cause to rejoice when news broke that the long-awaited third instalment of the cult favourite franchise was said to be firmly in the works, with The Hollywood Reporter reporting both original stars Keanu Reeves and Alex Winter would reprise their original roles.

“We couldn’t be more excited to get the whole band back together again,” Reeves and Winter said in a joint statement back in May. According to THR‘s report, the new movie — titled “Bill & Ted Face The Music” — would find Bill and Ted having long since put their time-travelling days behind them. Now middle-aged dads, the duo break out the time machine and head into the past for some inspiration, taking their teenage daughters along for the ride.

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However, some recent comments from the “John Wick” star are now putting the future of the film in doubt.

“I don’t know if it’s a reality,” Reeves tells Yahoo of “Bill & Ted 3″. “We’ve been trying for a long time to get that film made and it still has its challenges.”

However, Reeves was quick to point out that those challenges are not creative ones. “I really love the characters, and I think we have a good story to tell,” he added. “Part of it is show business stuff — financing, rights, deals. Nothing creatively.”

Earlier this year, Reeves and Winter reunited for a special Entertainment Weekly photoshoot and interview. Discussing a potential third “Bill & Ted” film, Reeves revealed he was first approached about the movie more than 10 years ago.

“[Writers] Chris [Matheson] and Ed [Solomon} came to us in 2007 with the idea of doing it,” Reeves explained, echoing his subsequent remarks to Yahoo. “They pitched us an idea. It sounded great.” Simple, right? “In show business,” Reeves says, wearily, “There’s show and then there’s business.”

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“We wanted to get it right,” Solomon said of writing the script for “Bill & Ted 3”. “We wanted to have it be something that we — all four of us, Chris and I, Alex and Keanu — could stand behind, and know we’re doing this for the right reasons.”

They revealed the title of the script to be “Bill & Ted Face the Music”.

“Everybody’s a little older now,” noted Reeves. “A little afraid.”

Winter added, “There are certain comparisons. A rock band that never goes to the place it thought it was going to get to. Having that moment in their life of going: ‘Do we try to get there, or give up the dream?’”

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“Indomitable spirits confronted with, ‘Is this the end?’” Reeves chimed in. “Of course, there is a little caveat in that someone comes from the future and says: ‘Not only do you have to save the world, you have to save everything.’”

“I think it’s kind of like ‘A Christmas Carol’ with Bill and Ted,” teased Solomon. “Looking at their lives, and really kind of rediscovering what they’re about.”

The team have had trouble getting the script picked up, but perhaps these new details will lead to an increased social media demand for the film to be produced.

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