“I think the timing is right. That’s a big important thing, timing,” he says, quite confident in his prediction. “There have been movies out there of characters that I didn’t think were on the same parallel as ALF that got movies made, so I think it’s time. I think it could be a home run on a lot of levels.”
There's no more information than that, but hey! It can't be any more farfetched than a Battleship movie, can it?