At the recent San Diego Comic-Con, JMS announced that his Studio JMS is enjoying a lot of success with 'Sense8' in production for Netflix, another one or two TV shows coming up and some other feature films in the works. JMS said:
Here’s the plan: We’re going to have, through Studio JMS, at least two, maybe three TV series on the air next year. We’re going to have at least one or two movies going ahead. And we’ll use that to parlay serious investment in the studio. I’m not talking Kickstarter, I’m talking about one hundred million dollars, two hundred million dollars; we already have people who are lined up and interested in doing that.
So in 2015 I will write a Babylon 5 screenplay. I’ll be giving Warner Bros. the opportunity – if they want to step up, “Help yourself”. If they don’t, 2016: We make it. I’m not going to wait around for more of our cast members to die.
The planned movie will have a budget of $80-100 million dollars and will be a reboot but JMS plans to use many of the original cast in other roles.