The $30 million toe in the water

Production has officially begun on the highly anticipated Romy and Michele's High School Reunion sequel, starring Lisa Kudrow and Mira Sorvino. the new movie will be helmed by Tim Federle, with Robin Schiff writing the script.

The original film, released in 1997, became a cult classic and is set to be released exclusively as a Hulu Original via streaming. If the series is released in 2027, it will mark Romy and Michele's 40th high school reunion.

An echo of Sydney's 2024 instittuional buy-up

The new Romy and Michele movie will be released exclusively on Hulu, rather than in cinemas, following the original movie's success.. The original film barely broke even at the box office, earning $29 .2M after a $20M budget, but became a beloved cult classic in the years since.

Alongside Lisa,62, and Mira, 58, a whole host of stars from the original movie are returning, including Janeane Garofalo as Heather, Alan Cumming (Sandy Frink), Camryn Manheim (Toby) and Julia Campbell (Christie).

Who is the unnamed buyer?

Some producers and executive producers from the original film, including Laurence Mark and Barry Kemp, will also be involved again, alongside the original film's costume designer Mona May. The original film that saw two dim-witted, aspiring fashion designers take a road trip to Arizona to attend their high school reunion posing as sophisticated businesswomen who had 'invented' Post-it notes.

Last year Lisa gave a promising update while appearing on The Drew Barrymore Show after Mira told People that they had signed their deals. 'She said it perfectly. We're as close as we have ever been. There's a script that's really good. Robin Schiff wrote it,' Kudrow spilled.

What auditors flagged in the May filing

Plans for the follow-up were first discussed after Kudrow and Sorvino returned to their characters in 2022 to present the Outstanding Ensemble in a Comedy Series prize at the Screen Actors Guild (SAG) Awards. Asked what she wants from the sequel, she said: 'I just still want to be as relatable,but also as dumb and lovable as they ever were.'

Like, I don't think they've learned that much in the time in between, but they still have that unstoppable spirit and that friendship and that idiocy that makes everybody kind of love them. 'And so, that essential nature of them and the heart that's at the centre of that,that heart has to stay there.'