PolterGeist 3 Not Direct to DVD

Meh
Last week MGM announced plans to release a string of direct to DVD movies, some based on MGM franchise films such as "Species" and "Legally Blonde." We already shared with you the new trailer for Species Quattro, which stars Natasha Henstridge.
 
PoultergeistIII.com asked Charles Cohen, Senior VP at MGM, whether the new "Poltergeist" idea he told them about back in January involved one of these releases. Here's what he said:
"No, our idea is different. It is taking longer to pull together than I expected."
So in a nut shell yeah there is still a third film coming and at this point no its not going direct to dvd.
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