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Check out the just-dropped preview pages from the upcoming series from Titan.

Titan has licensed the Golden Globe-nominated show and will produce a companion comic storyline to the television series to debut this Spring.

Our long national nightmare is over, as after a month long contract standoff, Showtime and David Lynch have announced that the reclusive auteur will indeed be returning to helm Showtime’s relaunch of the cult classic, Twin Peaks:

Lynch himself took to Twitter with the news:

Dear Twitter Friends, the rumors are not what they seem ….. It is !!! Happening again. #TwinPeaks returns on @SHO_Network

— David Lynch (@DAVID_LYNCH) May 16, 2015

This is not the only good news though, as Showtime has also committed to more episodes than originally planned, per Showtime President David Nevins:

This damn fine cup of coffee from Mark and David tastes more delicious than ever. Totally worth the extra brewing time and the cup is even bigger than we expected. David will direct the whole thing which will total more than the originally announced nine hours. Preproduction starts now!!

This news follows a viral #SaveTwinPeaks campaign that fans took to, along with its stars, all backing the return of the acclaimed filmmaker and show co-creator.

The new Twin Peaks will air in 2016, and you may now resume your initial level of excitement!

It was probably too good to be true.

Amid rumors last month that the production had hit a few financial snags, and even more dire whispers that had begun to leak out of WonderCon this afternoon, David Lynch took to Twitter to confirm all your worst fears: he will not be returning to direct Showtime’s Twin Peaks relaunch in 2016:

Dear Twitter Friends, Showtime did not pull the plug on Twin Peaks.

— David Lynch (@DAVID_LYNCH) April 5, 2015

After 1 year and 4 months of negotiations, I left because not enough money was offered to do the script the way I felt it needed to be done. — David Lynch (@DAVID_LYNCH) April 5, 2015

This weekend I started to call actors to let them know I would not be directing. Twin Peaks may still be very much alive at Showtime.

— David Lynch (@DAVID_LYNCH) April 5, 2015

I love the world of Twin Peaks and wish things could have worked out differently. — David Lynch (@DAVID_LYNCH) April 5, 2015

Lynch was originally scheduled to direct all 9 episodes of the upcoming limited series, but with this sudden departure, the entire endeavor is now in question. 

Is it possible Showtime could continue on without Lynch? Absolutely, especially if the Lynch/Mark Frost scripts are already in place, but would we want to see more Twin Peaks through the lens of another creative talent? Sadly, the only example of this we have to go on is the much maligned second season of the series, which saw the ongoing adventures of James Hurley and this…

…among many other questionable decisions. Twin Peaks is such a particular property, that is clearly the product of two unique minds, it’s hard to imagine your average Dexter helmer coming in and being able to do it any justice.

Showtime has yet to comment on Lynch’s announcement, but with actors already lined up to return, including star Kyle MacLachlan; the ball is very much in their court. 

It is also very possible Lynch’s public declaration may move Showtime to give him what he wants. We’ll find out soon enough.

UPDATE: Showtime has released the following statement:

We were saddened to read David Lynch’s statement today since we believed we were working towards solutions with David and his reps on the few remaining deal points. Showtime also loves the world of Twin Peaks and we continue to hold out hope that we can bring it back in all its glory with both of its extraordinary creators, David Lynch and Mark Frost, at its helm.

The Godmother is out into the world, looking for a producer. Two Acts, simple set, 13 characters played by 6 actors, gender-bending multi-racial actors. Young, actors who want to have a great time. This play is The Sopranos meets The L Word. If HBO or Showtime comes knocking on my door, I'm ready to play. Know why? Because I am totally in love with every character who showed up for The Godmother. Everyone has a backstory and a character arc. Every body has a story to tell. There are so many A, B, C and D stories here that we can go on for years. Seriously, The Godmother is just the beginning. Tomboy wants a lovelife! Bill has to grow up and find himself. Who knows what all Corker has in store? Like I say ... they all want their stories told. Meanwhile, The Godmother needs a producer. Or local investors, we could produce it here in Portland, Oregon no problem. The director would love to continue on. The script it already out in the world, and will be in other theater's literary managers in-boxes shortly. Wish us luck.

Or however many it takes to write this last scene. We've had the dark night of the soul, the climax, and now we're wrapping it all up. Heading for that final scene, that final look at Tomboy that echoes our first look, but is totally different. The one that shows us where she is now after her journey, the journey we took with her. I love Tomboy. I hope she has a long life on the stage. I hope lots of people fall in love with her as I have. This is the first play I've ever written that I can visualize in other media. The Godmother could be The Sopranos meets The L Word if HBO or Showtime comes knocking. Or maybe it's a movie with a sequel. Or maybe it's more than one play, but whatever it is, Tomboy wants off the page and onto the stage. I have to continue to do my best for her. So, back to the coal mines I go.