Richard Linklater is trying to make a spiritual successor to his classic Dazed and Confused, which I am certainly not alone in thinking is one of the best teen films of all time, but CHUD says there isn't enough money to go around. Well, to put it eloquently, that's stupid. School of Rock cost $35m to make, and raked in $131.2m at the worldwide box office, and Dazed has invariably raked in millions upon millions for Universal on DVD (even before they licensed it to Criterion). I really doubt That's What I'm Talking About, as it's reportedly called (not my favorite title, but whatever) is going to cost $35m, but the potential is certainly there for it to bank big bucks.
Last I heard, Linklater was also working on School of Rock 2: America Rocks, so one can hope rakes in another $130m that punches all the scaredy-cat investors in their stupid faces.