Mark J. Rebilas-USA TODAY Sports

Get your popcorn out. Insert Michael Scott “it’s happening” GIF. Why? Because, it is in fact happening.

LeBron James’ production company, SpringHill Entertainment, announced the release date for the Space Jam sequel on Thursday. The movie, starring King James himself, will debut in theaters on July 16, 2021.

Only a movie with Oscar in its sights could even announce a debut more than two years before the fact. But here we are. And it’s absolutely grand.

We’re highly intrigued to see who is going to star in the movie alongside James. Will Michael Jordan make a cameo? Will the Golden State Warriors’ entire team be the Monstars?

Only time will tell. Until then, let our imaginations run wild.