Spaceballs 2 Titled 'The New One'

The announcement at CinemaCon included a hilarious video message from the 99-year-old Brooks, who joked that the title 'Search for More Money' was too accurate.

Rick Moranis made a rare public appearance to promote the film, marking his first major big-screen role in nearly 30 years.

The sequel is being developed by Amazon MGM Studios and aims to satirize the modern era of franchise reboots and streaming services.

Fans have reacted with a mix of excitement and nostalgia to the first footage, which featured the return of the iconic Dark Helmet.