This is old news ... there wil not be a sequel. Sad news for sure. My personal opinion is somebody with cash needs to step up. Money talk's in Hollywood.

It's not looking good. The sequel rumors have been hovering around for over six years at this point. This is what director Richard Donner had to say in a recent interview with IGN Film Force:

IGNFF: A Goonies sequel has been discussed for years. I know you've gotten this question a million ways over the years, but the fans just want to know if there is still any hope. Do you think it could ever happen?

DONNER: We tried. No, I don't think so. We tried really hard. Steven and I, we pitched a couple of things to them and, quite honestly, they weren't right. And we put it aside. If I could ever find a really good handle on a screenplay for it, I'd go pitch it again, because talking about [something] I'd want to see It's extraordinary. But it's got to be right, or don't do it, because I couldn't believe that movie. It's done to generations of kids what it's done.

You know, I still stay in touch with these kids. Chunk's a lawyer and he's great. Cory, he's doing great. He went through some s***, but he's really pulled himself out and he's clean and married and has a baby and he's the happiest kid. They're all good, they're all great. I love that movie. That's probably my favorite process of filmmaking in my life. I've fallen in love with all those kids. I was lucky because I never had kids. I never wanted kids. I wanted dogs. If I could come up with a really great concept, I would take it to Steven. And if it was really right, he'd know it too. Maybe one day Chris Columbus will write it for us and we'll get back to the old group.