Space Jam 2 has a title and a logo! The film's star, NBA icon LeBron James, broke the news on Thursday when he shared an Instagram video with a hat that promotes the film.

In the looped video clip, James's hat is seen to read Space Jam: A New Legacy.

LeBron James unveils Space Jam sequel title

RELATED: LeBron James Has a New Children's Book Coming This Summer

LeBron's post skyrocketed to nearly 5 million views and over 1 million likes in less than 24 hours on Instagram. If that's any indicator, Space Jam: A New Legacy is a highly-anticipated movie!

The original film, which starred Michael Jordan, was a blockbuster hit in 1996. The live-action and animation hybrid had Looney Tunes characters hit the basketball court with Jordan.

Ever since, rumours of a sequel have floated around, but they were finally confirmed in 2014. Anticipation for the new film also grew after Space Jam was added to Netflix in March 2020.

The new movie's official Twitter account also updated its cover photo with a high quality version of the logo seen on LeBron's hat. It's accompanied by text that announces "LeBron James" and "Bugs Bunny" as the film's stars.

RELATED: Michael Jordan's The Last Dance Is a Hit - Hear Carmen Electra's Dennis Rodman Story Here

Space Jam 2: Coming in 2021 - with Michael Jordan?

More good news came with LeBron's post. He shared the date "2021" in his caption, and it's also seen in the bio of the film's Twitter account. 

Space Jam: A New Legacy is scheduled for a July 16, 2021, release date, and it seems that is still the plan for the movie. They wrapped filming back in March 2020.

Other NBA and WNBA stars including Anthony Davis and Klay Thompson will appear in the sequel. We'll see if Space Jam legend Michael Jordan returns for a cameo of his own next year!