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[on making a fifth Phantasm movie]: It's something we've talked about through the years but the timing hasn't worked out or getting the finances exactly right. I've been cooking up a couple of incarnations of things that I can't talk about now, but hopefully in the near future we could get something in the "Phantasm" world happening.
In 2005, New Line Cinema entered into serious talks with Coscarelli to remake the Phantasm series as a new trilogy and offered him the chance to be the executive producer of the project. Coscarelli and Stephen Romano
wrote a script which was a hybrid sequel/remake, having Mike, Reggie and the Tall Man pass the torch onto a new generation of characters. However, New Line didn't like the sequel ...
His Phantasm movies