Well, Since The Electric Company is still cancelled, Paramount will need to Greenlight the film.

Remember when Paramount adapted the live-action Sonic and Clifford film to become successful that lead to sequels. Now it's time to make The Electric Company Movie to still happen.

The characters are stuck without a show and Paramount is looking for a project. That's why The Electric Company is coming back again, but this time, in form a new film.