Spaceballs 2 Titled 'The New One'

Amazon MGM Studios delighted fans at CinemaCon with the first footage from the 'Spaceballs' sequel.

The teaser trailer spoofs modern blockbusters like 'Avatar' and 'Star Wars,' while also taking jabs at recent Hollywood mergers.

Rick Moranis made a rare public appearance to celebrate his big-screen comeback after a 30-year hiatus from acting.

The production is being hailed as a major return to form for the 99-year-old Mel Brooks, who sent a pre-taped video message to the Las Vegas convention.