I'm Convinced
I have faith that this theatrical Fraggle Rock movie is happening. With the Muppets gone, the Fraggles are now the crown jewel in the Henson Company cap. I can imagine any trouble drumming up support for this project is due to the misconception by many studio executives that the Fraggle brand isn't very strong and see it as a long gone cable niche program. This film has mass appeal - global appeal as we know. I imagine the trouble is from a financial point of view. Puppet building sets and new additional CG work (that we know will be appropriately integrated) costs a lot. The cost alone would secure this as a theatrical feature. Don't lose heart. It will just take some time. The Fraggles have remained uncorrupted and I'm certain Henson is insuring that in this lengthy preproduction.
In fact, I see two or three Fraggle films in the future if they're done right. It would be nice to get a Fraggle trilogy like the original Muppet one. I think this will be quite successful while keeping Fraggle values intact. Bottom line = this is happening...eventually.