Jim Henson's 'Labyrinth' Returning to Theaters, Set to Become a Musical

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David Bowie in 'Labyrinth' in 1986.

"It's very exciting," said Brian Henson of the upcoming musical rendition of the beloved 1986 movie.

It's been over 30 years since David Bowie took on the now-iconic role of Jareth, The Goblin King. Now, according to Forbes, Labyrinth is set to return to theaters for three days only from April 29 to May 2. In an interview with Forbes, Brian Henson -- Chairman of the Jim Henson Company and the late filmmaker's son -- said the beloved 1986 movie has been completely remastered. "It looks absolutely beautiful," Henson said. "We went all the way back to the original print. Every time you remaster it, it just gets better and better. It looks really stunning."

While the film's original release spawned only $12.73 million in earnings -- on a budget of $25 million -- and landed tepid reviews from critics, Labyrinth has developed an intense cult following since. When asked if his father was aware of the film's lukewarm success, Henson said, "Not at all. Coming off The Dark Crystal, I think my dad thought he was making a film that was more commercially viable, and in the end, he was kind of wrong. With The Dark Crystal, it was so original that when people saw trailers they had no idea what to expect... with Labyrinth, it looked like it was... closer to the tone of... Monty Python so the audience kind of... knew what they were going to get."

Henson also noted that his father, who was "tricky" to collaborate with, worked well with Bowie. "[Bowie] had those beautifully produced tracks and I remember my dad was very impressed... My father couldn't do something kind of halfway, he had to do it as big and as good as he could make it and David was very similar."

As for a possible Labyrinth sequel -- which fans have pined over for years -- Henson reassured fans that something is in the works. "I can say we are still excited about it but the process moves very slowly... we are working on something but nothing that's close enough to say it's about to be in pre-production or anything like that." However, Henson was eager to announce that an upcoming musical rendition of Labyrinth is in the works for the theater to tide fans over. "[It will] not necessarily be Broadway, it could be London's West End, but it will be a stage show. It's very exciting."