Ghostbusters 3 Gets a Title and Some Spooky Details: Here's Everything We Know

When discussing the film early on, Reitman revealed that Afterlife would be taking place where his father's last film left off, discounting the 2016 all-female entry.

"This is the next chapter in the original franchise. It is not a reboot. What happened in the '80s happened in the '80s, and this is set in the present day," he told Entertainment Weekly.

In an interview with Vanity Fair, Reitman revealed that Afterlife follows a single mom and her two kids after they inherit a farm in a small town from a grandfather they never knew. The family of three begin to discover their connection to the original ghostbusters and the secret legacy their grandfather left behind.

"Trevor and Phoebe are about to find out who their grandfather was and whether they're ready to pick up the proton pack themselves," Reitman said.

Sounds like these kids are about to embark on a wild, ghostbusting adventure!

The first teaser for the film was released on Sony Pictures' Twitter page on Jan. 16, shortly after the film was announced. The video features Elmer Bernstein's spooky score from the library scene in the original Ghostbusters as someone messes around with some machinery in a barn that also houses a mysterious vehicle under a tarp. When the tarp blows off, it reveals the rusty back of the original Ecto-1!

Ghostbusters: Afterlife is currently slated to premiere on July 10, 2020.