On the brighter side, there will be no Black Hole movie. 
I agree that is good news, otherwise they would have inevitably ruined what was a stellar motion picture sci-fi epic of its day.
They would have recruited actors about half the age of the original cast, turned VINCENT and Maximillian into CGI abominations, and completely re-written a perfectly serviceable script with none of the targedy or pathos of the original.
Also, one of the best soundtracks ever.