Phantasm V is the upcoming sequel to the Phantasm series and is expected to follow the events after Phantasm IV: Oblivion. It will star the original cast, A. Michael Baldwin, Reggie Bannister, and Angus Scrimm. The film is currently in pre-production. According to an interview with Angus Scrimm, the sequel might not happen. As late as mid-October 2008, Angus Scrimm has said that funding is the main cause for the film's delay.
Footage On June 30th 2007 on Ain't It Cool News, a possible scene was shown during Don Coscarelli's Farewell to The Alamo Drafthouse. The scene starts with Angus Scrimm as the Tall Man with two sentinel spheres in the background and says "This is all just a dream." Then, we see A. Michael Baldwin as Michael and he responds by saying "No." Michael then puts a small pistol to his head and says "No. It is not." Then The Tall Man looks surprised at Michael. Then as the screen pitches to black, a gunshot is heard. This footage may or may not be footage (or the ending for that matter) from Phantasm V. Also, in the scene, Baldwin is wearing his reading glasses which (rumour has it) is evidence that the cast reading for Phantasm V has been confirmed. The scene itself mirrors the ending for Phantasm II, except the characters are saying the other character's line (James LeGros played Mike in part II).
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