20th Century Fox are developing a new Buffy the Vampire Slayer series, which will be set in the modern day and feature a fresh take on the story.
Details are still thin, but Monica Owusu-Breen (Agents of SHIELD) will be the executive producer and showrunner of the project. Joss Whedon is involved as executive producer and may co-write the pilot, but his involvement will be limited due to his commitment to The Nevers, a new genre show for HBO.
Reports suggest that a new African-American actress will be playing the role of Buffy, suggesting a total reboot of the franchise. However, the same reports suggest the show will be "building on the mythology of the original series." Buffy ended with the magical limitation that there could only be one Slayer being lifted, allowing thousands of new Slayers to arise all over the world. For a long time fans have speculated that a "Next Generation" show could launch years later with a team of Slayers as the core cast with maybe a couple of returning actors to work as mentors and parental figures. However, the suggestion seems to be that this will be a contemporary reboot instead with a new Buffy, although this seems to contradict Whedon's statement last year that a new show would feature the same actors.
More news as it comes in.