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.

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.

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No director is on board.