First announced in 2011, nothing has been heard since about the proposed Troma-tic sequel The Toxic Twins: The Toxic Avenger 5.

However, the creator of the film franchise and co-founder of Troma Entertainment, Lloyd Kaufman, has finally revealed some great updates involving not only this film, but that of the Toxic Avenger big-budget update which Conrad Vernon will be directing.

What’s taking so long to make Toxic Avenger 5? The answer is simple: money. Kaufman did say he is definitely making the film, but only if their next film gets its release:

“It’s definitely coming. The problem is that we need to get our new Troma movie, Shakespeare’s S***storm, which is our version of The Tempest, out into the cinemas and on DVD so that we can get some money together for it. This is a very ambitious Toxic Avenger movie. The script is complete and it will focus on Toxie’s two children who, 20 years after part four, have all grown up. And one has mutated into a very strange being [laughs].”

Kaufman also dropped a possible bomb involving a certain recently fired director of a major franchise…could it be this mysterious person helped co-write Toxic Avenger 5?

“Fans can expect more low-budget action with the usual Troma mix of girls, guts and gruesome gore. Toxie is going to go to Chernobyl in this one. It will cost just $100,000, but I think it is the best one yet. I have worked with [Guardians of the Galaxy director] James Gunn and the script we have for The Toxic Avenger 5 is the finest I have read. It shows Toxie fighting the bureaucrats and the obnoxious rich people who are harming the people of Tromaville.”

For those unfamiliar, James Gunn, who was fired from Guardians of the Galaxy Vol. 3 after past tweets were posted by a right-wing conservative, got his start at the New York-based indie film company, co-writing Tromeo and Juliet and Terror Firmer, two of Troma’s best titles before his career took off with writing the Scooby Doo live action films and Guardians of the Galaxy. If he did co-wrote Toxic Avenger5, then it would be extremely awesome!

As for The Toxic Avenger remake, Kaufman said that is still happening as he is serving as executive producer on the film.

Conrad Vernon, who directed Shrek 2 and Sausage Party is attached. I have spoken to him and he knows all the Troma movies and is a big fan. I think he really understands The Toxic Avenger and I believe he will bring a cartoon sensibility to it. This is his first live-action movie and we hope it gets rolling soon.”

Time will tell when we will see both The Toxic Avenger 5 and the Toxic Avenger remake, but Kaufman and the Troma Army remain optimistic.

H/T: MovieWeb