Paramount is moving forward with The Ring 3, with a plan for the third installment in the horror thriller franchise to be 3D.

According to Heat Vision, David Loucka has been tapped to pen the script.

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The new film is being fashioned as more teen-centric than the first, and though the logline is being kept under wraps, the aim is to reinvent the franchise. One potential scenario involves teens finding a VHS player that still works.

No director is on board.