Rodriguez Spies Spy Kids 4

Film festival SXSW is in full-force this week with filmmakers and film-fans roaming the streets of Austin in search of the next great movie. Thankfully, writer/director Robert Rodriguez was on-hand to show off a bit of Predators - described as the first true sequel to the classic Predator film - as well as discuss some of his upcoming projects.

It's been no secret that a fourth Spy Kids film has been in the works, and Rodriguez filled moviegoers in on the latest. According to MTV:

He revealed he's actually rebooting his own franchise and that this new Spy Kids will be his next project as a director. The Playlist shares the news from Austin, relaying that the Grindhouse co-director has set the story 10 years later and will cast all new kids for the leads.

"That maybe doesn't sound as good as it sounds," Rodriguez acknowledged to the SXSW audience, "but when you read the script its very funny. Its not like we're going back to the well for a fourth time. It feels actually completely new. It's the 'Casino Royale' to 'For Your Eyes Only.'"

The filmmaker also noted that kids are his most loyal audience, even more than the geek crowd. This sadly explains why a Spy Kids redo is hitting theaters before the highly anticipated Sin City sequel, which Rodriguez simply claims "quite possibly" is still happening...

Check out the full story for more, as well as details on Rodriguez's involvement in the long-planned Jetsons film.