Joo know what time it is?

The long-rumored Arrested Development movie is finally happening.

Reliable inside sources confirm that producers Mitch Hurwitz and Ron Howard have signed deals to do the film with a  $15 million budget.

“Yes, it’s a go,” an Arrested castmember who asked to remain nameless, said. “We’re all very excited. And it will happen with or without the holdout.”

Wait a minute…The holdout? Yes, apparently one of the show’s original castmembers has not signed on to the movie…

“Yeah, [he or she] might not do it,” an actor says of this costar. “However, I do know that we will do the project with or without [him or her].”

What’s with all the secrecy? Grrr.

The good news is that aside from this actor, all of the other main castmembers have committed to be a part of the big-screen project. And, yes, the show will go on.

YAY!