It sounds like something out of a Hollywood satire, but it is in fact TRUE.

The rumblings began yesterday on Ain’t It Cool News when the words “Stupendous Earth-Shattering Announcement!!!” were posted in over-sized type. The site was immediately clogged with geeks logging on with hopes that George Lucas had decided to produce another three Star Wars films ... or at least release the original trilogy on DVD.

Unfortunately, there was no announcement to be seen. Instead, just a blurb saying that there would be one soon. This of course got the geeks worked up into an even bigger frenzy. But when the news finally came, it was not through Aint It Cool News, but through the mainstream entertainment publication Variety.

The scoop was that Harry Knowles had scored a production deal with Revolution Studios. The first project will be Ghost Town. Knowles is currently working with a screenwriter in order to bring his vision to life.

We’ll keep you posted.