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Paul Reubens article in Rolling Stone seems to further confirm this.
https://www.rollingstone.com/tv/features/paul-reubens-on-pee-wees-playhouse-20141020?page=4
One last question: There were some rumors going around that you were working on another Pee-wee movie. Any updates on that?
There’s going to be a big announcement any minute now.
Really?!?
Yes. It’s been months and months of being right on the verge of being announced…I thought something was going to go public yesterday, actually, and that you’d be the first person I’d be talking about this with. But I’m thinking there will be something made public very soon. It’s going to get made shortly after the new year. I wish I could tell you about it right now, because…I mean, it’s amazing. It’s going to be amazing. It think it first got leaked four years ago or so that the movie was going to be made, and ever since then it’s just been stalling and stalling. So I'm really ready for this to happen. But I’m not kidding: It’s very imminent.
LAT: Reubens said that a director has been chosen for [PWHER] and will likely shoot next year. Aug 06, 15:05
Paul Reubens article in Rolling Stone seems to further confirm this. Oct 21, 14:25
