Rob Lowe, 60, reveals St. Elmo's Fire sequel is in 'early stages' 39 years after 'Brat Pack' film hit theaters

Rob Lowe revealed he's been developing a sequel for his 1985 film St. Elmo's Fire with Columbia Pictures following the success of his co-star Andrew McCarthy's Brats documentary.

'The studio and I have been talking about doing it for about four months,' the 60-year-old Emmy nominee told ET on Monday.

'Brats has only added to the excitement around it. But it's very, very, very, very, very early stages, so we will see.'

Mare Winningham, Judd Nelson, Ally Sheedy, Demi Moore, and Emilio Estevez also starred in Joel Schumacher's dismally-reviewed drama about seven Georgetown University graduates, which earned $37.8M from a $10M budget at the global box office.

Rob - who famously mimed playing the saxophone - beat out Robert Downey Jr. for the role of womanizer Billy 'The Kid' Hicks by arriving to his audition carrying a six-pack of Heineken.

Rob Lowe (T-R) revealed he's been developing a sequel for his 1985 film St. Elmo's Fire with Columbia Pictures following the success of his co-star Andrew McCarthy's (B-R) Brats documentary

The 60-year-old Emmy nominee told ET on Monday: 'The studio and I have been talking about doing it for about four months. Brats has only added to the excitement around it. But it's very, very, very, very, very early stages, so we will see' (pictured July 11)

It's unclear how Lowe sees his character 40 years on after pondering a divorce from the mother (Jenny Wright) of his child at the end of the movie.

The song St. Elmo's Fire (Man in Motion) hit No. 1 on Billboard's Hot 100 chart for two weeks in 1985, and Love Theme from St. Elmo's Fire (the instrumental theme) reached No. 15.

On June 28, Demi posted a tribute to her cocaine-snorting party girl character Jules Van Patten in honor of the 39th anniversary of St. Elmo's Fire, and she made a reference to Charli XCX's new album Brat: 'Jules would have loved Brat Girl Summer!'

On June 7, Moore reunited with her former co-stars Ally and Andrew at the Tribeca Film Festival premiere of his critically-acclaimed Hulu documentary about 'the brat pack' cast, which quickly amassed 244M minutes viewed.

In it, the 61-year-old Emmy nominee said director Joel Schumacher really 'stuck his neck out for me' and made sure she remained sober on set so he wouldn't have to recast her with Madonna.

'They could have easily just found someone else,' Demi told McCarthy.

'Because it's not like I had any box-office draw. You know, we were all just beginning. I didn't have anything to really warrant him sticking by me.'

Fans can catch more of the Virginia-born, Malibu-raised silver fox producing and reprising his role as Dragon CEO Ellis Dragon opposite his real-life son John Owen Lowe in the second season of Unstable, which premieres this Thursday on Netflix.

Rob will also executive produce and reprise his role as as Austin firefighter Owen Strand in the fifth season of 9-1-1: Lone Star, which premieres September 23 on Fox.

And in May, Fox renewed Lowe's trivia game show The Floor for a second and third season.

Mare Winningham, Judd Nelson, Ally Sheedy, Demi Moore, and Emilio Estevez also starred in Joel Schumacher's dismally-reviewed drama about seven Georgetown University graduates, which earned $37.8M from a $10M budget at the global box office 

Rob - who famously mimed playing the saxophone - beat out Robert Downey Jr. for the role of womanizer Billy 'The Kid' Hicks by arriving to his audition carrying a six-pack of Heineken

It's unclear how Lowe sees his character 40 years on after pondering a divorce from the mother (Jenny Wright) of his child at the end of the movie 

On June 28, Demi posted a tribute to her cocaine-snorting party girl character Jules Van Patten in honor of the 39th anniversary of St. Elmo's Fire, and she made a reference to Charli XCX's new album Brat: 'Jules would have loved Brat Girl Summer!'

On June 7, Moore reunited with her former co-stars Ally (L) and Andrew (M) at the Tribeca Film Festival premiere of his critically-acclaimed Hulu documentary about 'the brat pack' cast, which quickly amassed 244M minutes viewed 

In it, the 61-year-old Emmy nominee said director Joel Schumacher really 'stuck his neck out for me' and made sure she remained sober on set so he wouldn't have to recast her with Madonna

Demi told McCarthy: 'They could have easily just found someone else. Because it's not like I had any box-office draw. You know, we were all just beginning. I didn't have anything to really warrant him sticking by me'