Keanue Reeves Patrick Swayze Point Break

Keanu Reeves is the star of this edition of Sequel Bits, talking about the latest in regards to Bill and Ted 3 and dismissing another film he was never involved in in the first place. Below, read about the following:

  • Jon M. Chu hopes G.I. Joe 3 will shoot in 2014 and says Channing Tatum‘s return isn’t likely.
  • Keanu Reeves says they’re looking for funding for Bill and Ted 3.
  • Reeves also said he won’t appear in a Point Break remake.
  • Check out three new character shots from Dawn of the Planet of the Apes.
  • Mark Wahlberg gives some details on his character in Transformers: Age of Extinction.

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It's a Wonderful Life

Despite Paramount’s objections, the producer for It’s a Wonderful Life: The Rest of the Story is confident his project will go forward. Sorry, haters. Also after the jump:

  • Channing Tatum could still return for G.I. Joe 3
  • … and Adrianne Palicki is definitely going to be back
  • Kellan Lutz had to get smaller for The Expendables 3
  • Paramount and MGM team up for Hot Tub Time Machine 2
  • NBC okays a sequel to The Bible (the show, not the book)
  • Jack O’Connell and Lena Headey get their own 300 posters

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masters-of-the-universe-3

After months of silence, Columbia’s Masters of the Universe is finally taking a big step forward. Unfortunately, it’s accompanied by an even bigger step back.

Terry Rossio, who co-write this summer’s The Lone Ranger, has been tapped to write the script for producers Todd Black, Jason Blumenthal, and Steve Tisch. If you noticed that Jon M. Chu‘s name is not on that list, well, that’s the bad news: The G.I. Joe: Retaliation helmer is no longer attached to direct. Hit the jump for the latest updates on this long-gestating project.

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GI Joe Dwayne Johnson

The two G.I. Joe films have been moneymakers for Paramount, and the studio is moving forward with the third installment, for which director Jon M. Chu is returning.

Now Evan Daugherty, who kickstarted his studio career with the sale of Snow White and the Huntsman to Universal, is keeping up his relationship with Paramount by writing the third Joe film. Daugherty has already done a rewrite on Teenage Mutant Ninja Turtles for Paramount and Platinum Dunes. (He also wrote Divergent, for Summit, and the De Niro/Travolta film Killing Season.) We don’t know the story of the third Joe film, and as such we can’t say which actors and characters will return. [THR]

Jon M Chu

With J.J. Abrams in a galaxy far, far away, the final frontier is wide open. After the success of this year’s Star Trek Into Darkness, Paramount is getting ready to prep a third Star Trek film and the hunt for a new director is underway. The studio has yet to make a decision, but Latino Review is reporting the frontrunner is Jon M. Chu, the director of G.I. Joe: Retaliation.

Update: The director’s reps deny that Chu is connected to the film. Via email, they said “No one has contacted Jon or his reps about this project.” Now, Paramount could still be interested in him, but that may be all it is right now. Other rumors paint Rupert Wyatt (Rise of the Planet of the Apes) as the next likely choice.

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GI Joe Dwayne Johnson

News of a new G.I. Joe film, the continuation of Pacific Rim and some crazy riffs on potential follow-ups are all in this edition of Sequel Bits. After the jump, read about the following.

  • Jon Chu confirms Dwayne Johnson and Bruce Willis will be back for G.I. Joe 3.
  • Sandra Bullock doesn’t think there will be a sequel to The Heat.
  • Despite rumors, there are no plans to do a sequel to The Simpsons Movie.
  • Gareth Edwards comes up with a hypothetical idea for a Godzilla sequel.
  • James Wan says he’d love an electric car in Fast and Furious 7.
  • Mel Gibson‘s brother wants to lend his voice to the Mad Max video game.
  • Travis Beacham promises more Pacific Rim, at least in comics.
  • Dolphin Tale 2 gets a greenlight and the whole gang is back.

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Jon M. Chu Returning for ‘G.I. Joe 3′

Jon M Chu

Director Jon M. Chu was kind of a surprising pick for G.I. Joe: Retaliation back in the day. Sure, he’d had some experience shooting action, but mostly of the dancing variety, in films like Step Up 2: The Streets, Step Up 3D, Justin Bieber: Never Say Never. Not so much the military battle kind.

Now that Retaliation‘s managed to rake in $365 million worldwide, though, Chu’s become the obvious choice to helm the follow-up. And indeed, a new report indicates that Paramount and MGM are nearing a deal with him. Hit the jump to get the details.

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Jon Chu Toy Fair

Now that Jon M. Chu is finally done with G.I. Joe: Retaliation, he can turn his attention to other projects. For fans, tops on that list is the He-Man reboot Masters of the Universe. Chu was revealed as the director of the film back in July 2012, but hasn’t had time to truly concentrate on it, thanks to his extra-long post-production duties on Joe. With Retaliation out in the wild, Chu uses a new interview to provide an update on Masters of the Universe. Unfortunately, that update sounds quite similar to what he said in October of last year.
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