Making a Twilight sequel isn’t going to be cheap. Stars Robert Pattinson and Kristen Stewart, who were each paid $2 million for the first film, will be getting enormous pay raises. According to the Chicago Sun-Times, Pattinson and Stewart will be paid $12 million each for the sequel, New Moon. It’s worth noting that the first film was made for only $37 million. Sounds like the budget will be upped considerably for the sequel. I think I’m going to be sick.

After the exceptional opening day performance of Twilight, Summit Entertainment has officially greenlit that the sequel, New Moon. The film will be moving forward into production, but no production start or release dates have yet been announced. Read the full press release after the jump.

Twilight doesn’t hit theaters until next Friday, and Summit Entertainment has already aquired the rights to the next three novels in Stephenie Meyer’s vampire romance series. According to THR, Twilight scribe Melissa Rosenberg has signed on to pen the next two screenplays, based on the books New Moon (you can read the first chapter here) and Eclipse. A writer has not been hired to adapt the fourth book, Breaking Dawn.
The films themselves have yet to be officially greenlit, but I’m sure after the first film does monster business next week, it will only be a matter of time. Word is that Summit would like to shoot the next two films [...]

Summit Entertainment’s big screen adaptation of Twilight just recently entered post production, but the filmmakers are already talking about the possibility of filming the sequels back to back. And for good reason.
“Our vampires can’t age…if they were like 45, people would say ‘What’s up?’” laughed director Catherine Hardwicke told MTV. “[Filming them together] could be the case. Then, you just get it done.”
“[We like the idea of] shooting them back to back, and shooting them simultaneously as they did with ‘Lord of the Rings’,” producer Greg Mooradian explained. “From a production standpoint, it’s a great thing to do. But it’s quite an undertaking.”
The lead stars are already contractually signed to [...]