At Cannes today (yea, Cannes goes lowbrow) it was finally officially confirmed that Bill and Ted 3 is happening. Cue air guitars.
The movie, officially called Bill and Ted Face the Music, has been rumored and tossed around for years now, but it's a full go now with the production company shopping international rights at Cannes, and Orion Pictures distributing in the U.S. Returning as screenwriters are the first two film's creators Chris Matheson and Ed Solomon. Dean Parisot, who have us Galaxy Quest, will direct. And that screenplay is done, by the way. This isn't some "they're working on it" kind of thing. The movie is in pre-production. We should definitely see Ted “Theodore” Logan and Bill S. Preston Esq. back on the big screen.
via destructoid https://www.destructoid.com/bill-and-ted-3-is-officially-official-keaune-reeves-and-alex-winter-returning-502091.phtml