In an exclusive new look at the movie, Macchio, 63, and Chan, 70, along with newcomer Ben Wang, who will play Li Fong in the film, explain how Karate Kid: Legends connects with Netflix's Cobra Kai series and the broader Karate Kid saga, plus their excitement for the "next chapter" of the franchise.

The trailer for the film dropped on April 1, but it's no joke — the movie will hit theaters on May 30. The plot involves a family tragedy that forces a skilled kung fu enthusiast Li Fong (Ben Wang) to move from the comforts of Beijing, China to New York City. Li turns to karate to give him comfort and help end his troubles.

Karate Kid Legends aims to continue the saga of all that's come before, and that means combining lessons of the past to move forward! New trailer inside!