Were you moonwalking with anticipation after we told you about the reports of a new movie based on the classic Michael Jackson song “Thriller”? Well, you might need to glide back a couple of steps. At last night’s 35th anniversary tribute to The Rocky Horror Picture Show, Kenny Ortega — reportedly attached to direct the “Thriller”-inspired movie — told EW not to break out the red leather jacket just yet. “It got put out there before I’ve even really had a chance to think about it too much,” he said at the event, a benefit for the Painted Turtle, a California camp for kids with serious illnesses. “It is still in very, very early stages of development. The [Michael Jackson] estate would have to sign off on it. I have been a part of some early creative meetings and if all goes well, I think it could happen in the next couple of years.” When asked if he was nervous about re-creating the magic of John Landis’ beloved 1983 video, Ortega said, “Michael used to say to me that there is nothing to be afraid of and fear just gets in the way anyway. We were very good friends. I miss him. And I would never do anything to ruin his memory or one of his creations. But like I said, it is so early, so who knows what will materialize?”

(Additional reporting by Carrie Bell)