According to the Chiodo Brothers, Killer Klowns From Outerspace could happen at Netflix. This all comes with a grain of salt since they’re currently promoting their new movie Alien Xmas.
Stephen Chiodo had this to say which you can take how you want but it just seems like wishful hoping to me:
“If [fans] write MGM and say, ‘Where’s our sequel? Where’s that property?’ There’s so many ways they can exploit this thing. It’s really the fan base… We have tons of ideas to really carry that through… So there’ll be hopefully something in the future.”
After the brothers mentioned that they were speaking with Netflix about it said this as well.
“We are talking to them. We’re talking all the time. Get this: we’ve been trying to do a sequel since we made the film and fans get angry with us. We don’t mention it too much, because they get angry. They say, ‘Oh, what’s the matter with you guys?’ But we’re trying. The business is just a bear, moves at a glacial pace. There’s interest, and it wanes and flows. You get some executives who really want to do it, then, all of a sudden, musical chairs. They’re out, a new regime is in, and they don’t get it. We’ll see how Alien Xmas does with the Netflix people. We’ll see if they can embrace our sensibility.”