After reports, speculation, and rumors – it’s now official. There is going to be a new Pee-wee Herman movie, and it’s a Netflix exclusive.

The new movie, Pee-wee’s Big Holiday, will start shooting in three weeks. Paul Reubens will enlist the help of Judd Apatow to produce the film. John Lee (Wonder Showzen, Broad City, Inside Amy Schumer) is set to direct Big Holiday. It’ll be his feature film debut.

“We didn’t hesitate for a moment knowing that Pee-wee’s Big Holiday was such a passion project for Paul and Judd and we are delighted by the opportunity to introduce such a beloved character to a new generation,” said Netflix Chief Content Officer Ted Sarandos. “We are thrilled to bring our viewers around the world the wonder of Pee-wee Herman.”

BOWTIE IS THE NEW BLACK: ‘Pee-wee’s Big Holiday’ To Premiere On Netflix! http://t.co/8Usb8f5zAM pic.twitter.com/uoc7sANNE6

— Pee-wee Herman (@peeweeherman) February 24, 2015

“Judd and I dreamt up this movie four years ago. The world was much different back then— Netflix was waiting by the mailbox for red envelopes to arrive. I’ve changed all that. The future is here. Get used to it. Bowtie is the new black,” said Pee-wee Herman.

This isn’t that big of a surprise. Reubens told Jimmy Fallon that it was happening, and that Apatow was producing, back in December. Netflix played coy, but now the cat’s out of the bag.

If you need some Pee-wee in your life while you wait for his next big adventure, Netflix just added Pee-wee’s Playhouse: The Complete Series and Pee-wee’s Playhouse: Christmas Special.

Image via Peewee.com