Following the announcement of Neill Blomkamp's untitled fifth Alien movie, some new details have surfaced regarding the film's timeline, release date and production info. According to insiders close to the project, via Variety, Blomkamp's Alien 5 (working title) will be produced by Alien and Prometheus director Ridley Scott and his production company, Scott Free. Also, according to the report, Blomkamp's Alien movie will take place many years after the events of Ridley Scott's upcoming Prometheus sequel. Originally, based off of Neill's concept artwork, the setting for his Alien 5 supposedly takes place between the events of James Cameron's Aliens and David Fincher's Alien 3.
Neill Blomkamp's Alien movie will also be completely separate from Prometheus and Prometheus 2, though will take place in the same Universe. Unlike Scott's Prometheus 2 which aims to get away from the "Alien" or "Xenomorph" creature itself and expand the franchise, Blomkamp's Alien 5 will likely revolve heavily around the Xenomorph and iconic characters such as Ellen Ripley.
Sigourney Weaver has expressed great interest in returning to the franchise and reprising her role as Ripley, but no official word has yet been released on whether or not she will in fact be cast. Given her immense support and enthusiasm towards the project and Blomkamp, who she worked with on Chappie as well, it's unlikely she won't be involved in some capacity.
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Source: Variety
Neill Blomkamp's Alien 5 project was inevitably canceled following the merger between 20th Century Fox and Disney. Blomkamp had hoped to revive characters Hicks and Ripley for a new film, rewriting the Alien timeline, chalking up Alien 3 and Resurrection to mere bad dreams. Studio executives decided to can the project and instead took the franchise in a new direction, tapping Fede Alvarez to direct Alien: Romulus.
Neill Blomkamp's Alien 5 is indefinitely shelved.