"Young Guns 3" officially announced; Emilio Estevez directing

Emilio Estevez has confirmed that "Young Guns 3: Dead or Alive" is in production. He will direct the film and co-wrote the script with John Fusco. Filming is set to take place in New Mexico this fall. Lou Diamond Phillips and Christian Slater will return, despite their characters' deaths in the previous film. Their fates were not shown on-screen, allowing for their comeback in the new installment. Estevez's commitment to the project follows years of speculation about a third film. He has directed several acclaimed movies, adding credibility to this new venture.