Last Friday, Nicole Perlman, the screenwriter hired to pen the new script, took to her twitter page to confirm that this new project was NOT a reboot of the 1986 Jim Henson classic.
Not "rebooting" anything, guys.— Nicole Perlman (@Uncannygirl) January 23, 2016
Yesterday, Nicole put out a couple more tweets to update us on this project.
Henson Co & I started talking in late 2014, so the timing of these rumors is so upsetting. I would never seek to profit from Bowie's death.— Nicole Perlman (@Uncannygirl) January 23, 2016
Labyrinth is my favorite film from childhood, so I share your concerns that any continuation of the world be handled with love and respect.— Nicole Perlman (@Uncannygirl) January 23, 2016
As suspected, this news was not meant to be reported at this time. It sounds like it was a news leak. Many reports and online sites unfortunately pegged the news coming from The Jim Henson Company, which has seen a huge unwarranted backlash towards them. They nor Tri-Star have yet to announce or comment on anything.