They're obviously waiting to see how the "Muppets" movie fares at the box office. I think Muppet Show edge is what Weinstein was shooting for, but that's not quite the Fraggle brand of humor. Make no mistake, if the Muppets do well the Fraggles will follow. It's just a bit spineless of Weinstein.
I think Smurfs movie is what they're aiming for in obnoxious 2003-ness kind of Shrektastic edginess.
Personally, I don't even call this news or an update. It's someone sticking their head out a window during a rain storm every five minutes and saying "It's raining still."
There is no doubt in my mind that Weinstine desperately doesn't want to do this movie. There is NO way this film can and will be made by them in the future, even the distant one. They blew their money, they blew their chance at this film, and Henson was mislead into thinking this wouldn't be some studio where boneheaded decisions make terrible movies with studio meddling.
The burps, farts, and hurt crotches they added to "enhance" Hoodwinked 2 (which explains why it was kept in the closet even when it was finished for over a year) only go to further my theory that this movie is going to the wrong place. Even if it did get made, all I can get out of edgy is white people's inclusion of unoffensive or once offensive "Hippidy hop" out of context to get an ethnic audience, overused movie and television lines we're all sick of hearing ("Hey! Let's make them all say 'Say hello to my Little Friend!' It's still fresh... and they're SMALL! BWAH HA HA HA HA HA! That's the knowledge you get when you finally pass film school the fifth time!"), and worst of all... the forced romantic relationship of human Marty Stu and Mary Sue that takes up 90% of the picture, while the actual "stars" just sit back and try to help woo them by saying their catchphrases! Why is that even a thing?
Yeah, if Henson wanted to make a shoddy, "edgy" take your ADD kids out of the house for 90 minutes on a rainy day piece of Marmaduke, they could have gone to every other studio on Earth... only difference is their movie would have been made by now.
Hey! Maybe if Fraggle Rock was a lame film franchise from the 1990's that ran it's course, maybe Weinstine would consider. Look! They have Scream 4 which came with little or no promotion until now and is coming out in a few weeks. yeah! What the world was clamoring for. Another lame slasher horror film that lost the satirical edge 20 minutes into the first one. And of course, there's always Spy Kids with NEW kids... ha ha ha! I hope those movies bomb and they go completely under.