Get ready because Fraggle Rock will no longer be just an outdated, eighties, childrens sitcom!

It turns out the Weinstein Co. has just joined forces with Jim Henson productions and plans to turn Henson's puppet series, that ran from 1983 to 1987, into a musical on-screen production.

The series originally ran there first 3 seasons on HBO, and recently released those episodes onto DVD, resulting in successful sales numbers

Cory Edwards ("Hoodwinked!") will write and direct the screenplay. And it just wouldn't be "Fraggle Rock" without the main characters Gogo, Wembley, Mokey, Boober and Red, who will be embarking outside of their comfy cave to interact with humans, whom they think are aliens. Check out clips from their second season below!

Not too long ago Jason Segel stopped in with Judd Apatow and told "Reel Talk" about writing the new "Muppet Movie." Now, we are hearing about a new "Fraggle Rock" movie. It seems these puppeteers are not ready to surrender to the success of Pixar films, when it comes to kid-friendly films.

You can watch that entire interview by clicking right here!