UPDATE: IESB is reporting that Zombieland writers Rhett Reese and Paul Wernick have been selected by Paramount Pictures to write the G.I. Joe sequel. The two were just recently hired by 20th Century Fox to write X-Men Origins: Deadpool.
Original article follows below:
Collider is reporting that Paramount has hired a screenwriter for a follow-up to last summer’s G.I. Joe: The Rise of Cobra, thus confirming that the studio is moving forward with a sequel. It’s unclear who the studio has hired to write the film (Stuart Beattie, David Elliot and Paul Lovett ‘The Rise of Cobra’). It’s also not clear if director Stephen Sommer will return. All the actors from the first film are signed for sequels.
Although G.I. Joe: The Rise of Cobra didn’t perform so well domestically ($150.20 million), it added an additional $150.34 million overseas for a worldwide cume of $301.54 million. That pushed its numbers closer to profitability given its fairly huge $175 million budget. The re-emergence of the property also more than likely made money through other revenue streams.