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There had been mentionings of reboots and remakes of the Beetlejuice franchise for quite a while recently with little to no traction. This isn’t any of those. Instead what is being proposed is an actual, Tim Burton approved, sequel to the crazy but fun 1988 movie and they want Michael Keaton to star!
Source: The Film Stage
DK: We’re not remaking Beetlejuice. People have been very angry about that.
SGS: When Warner Bros. came to us about it, we said the only way we’d do it if we got Tim [Burton’s] blessing and involvement, and we got that, and the star of the movie has to be Michael Keaton as Beetlejuice, and it’s a true continuation 26 years later. Not just throwing him in as a cameo going, “Hey, it’s me. I endorse this movie.” We’re not there yet [with Keaton] because we don’t have a film to present to him.
Thank Goosenips that this isn’t some type of return of “Beetlejuice Goes Hawaiian”. Keaton had expressed interest in returning to the role as recently as last year but until they present him with a script and get him to sign on to a legally binding contract then I won’t hold my breath. The character really resonated with me, personally, as I was a kid when the film hit theaters and it was practically cemented in my VCR along with my copy of the original Ghostbusters movie. I’d like to re-visit the character and see if my own kids can muster any type of interest like my own but it’ll take a really good premise for that to work. I’ll keep you guys updated with news, but again… don’t hold your breath.