Robert Rodriguez is reimagining his classic family franchise…

Skydance Media has optioned the rights to relaunch the successful Spy Kids franchise alongside Spyglass Media Group and the 52-year-old Mexican American filmmaker, who created the franchise.

Rodriguez will return to write and direct the next film, which will revolve around the activities of a multicultural family.

Spyglass owns the Spy Kids franchise and in recent months Skydance became intrigued in the IP as it looks to diversify its slate. For this next installment, Skydance will serve as the lead studio and oversee development and production.

Prior to launching the Spy Kids franchise, Rodriguez was better known for his adult action films like Desperado and From Dusk Till Dawn but wanted to do something for his kids. He came with the idea of a group of siblings who took up the family business to save their secret agent parents from danger. The first film was a massive hit grossing $112 million at the domestic box-office and launched three sequels that collectively have earned over $550 million at the worldwide box-office.

While Rodriguez is still best known for his action thrillers like 20th Century’s Alita: Battle Angel, he did recently return to the family genre with Netflix’s We Can Be Heroes. Next up he has the thriller Hypnotic starring Ben Affleck and will shoot next The Mandalorian spin-off The Book of Boba Fett, which will bow next Christmas.