THE KARATE KID 2 ON THE WAY

Does it count as news if everyone kind of already knows it?  Deadline reports [via using their common sense] that Sony Pictures is taking pitches for The Karate Kid 2 after The Karate Kid remake smashed box office expectations and made back its entire budget in one weekend.  While I would much rather see Jackie Chan Hates Karate Kids, it looks like we’ll have to settle for another round of Jaden Smith doing roundhouse kicks. 

The Karate Kid beats The A-Team

1		The Karate Kid (2010)	$56M
2		The A-Team (2010)	$26M
3		Shrek Forever After (2010)	$15.8M
4		Get Him to the Greek (2010)	$10.1M

Rebooting franchises isn't always a popular idea, but in many cases, it's a profitable one. Such was the case this weekend as two updates on classic properties entered the box office arena in the form of "The Karate Kid" and "The A-Team," with the kung fu-centric reboot coming out in first place.

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Jaden Smith is the new ‘Karate Kid’

Columbia Pictures is back in the dojo with a new version of the 1984 hit "The Karate Kid", which has been refashioned as a star vehicle for Jaden Smith.

The film will be produced by Jerry Weintraub (who launched the original franchise) and Overbrook Entertainment's James Lassiter, Will Smith and Ken Stovitz. Will Smith, who is the 10-year-old actor's father, co-starred alongside Jaden in his feature debut, "The Pursuit of Happyness," which Overbrook and Escape Artists produced for Columbia.

The script is being written by Chris Murphy, and the film will shoot next year in Beijing and other cities. While the new film will be set in that exotic locale, it will borrow elements of the original plot, wherein a bullied youth learns to stand up for himself with the help of an eccentric mentor.

China Film Group Corp. will co-produce in China.

The younger Smith, who next stars in "The Day the Earth Stood Still," is a martial arts practitioner.

Columbia presidents Doug Belgrad and Matt Tolmach said they had been trying to find a way to bring back the series, which began with three films that featured Ralph Macchio and Pat Morita. A subsequent film launched the career of Hilary Swank.

The Day the Earth Stood Still Teaser Trailer

Why do I still get the feeling that Keanu Reeves is going to make a lackluster Klaatu in the remake of The Day the Earth Stood Still? For some reason I just don’t buy him as an alien lifeform sent to warn us of Earth’s impending destruction — there is something just too nonchalant about him. Either way, he is in it, and the first trailer, which is currently playing in front of Hancock, has hit the web via Filmweb.pl. Check it out below.

Watch the teaser for The Day the Earth Stood Still:

Aside from the Keanu Reeves factor that I mentioned earlier, this film looks very interesting. I must say that while I remain skeptical, as any fan of the 1951 version should be, I will say that the potential for an awesome modern remake is there. This is one of those classics that could be enhanced by updated special effects. As well, it could very well have a relevant message. But we shall see how it goes — I don’t want to jump the gun and say that it looks like a winner just yet.

The Day the Earth Stood Still is directed by Scott Derrickson (The Exorcism of Emily Rose) and stars Keanu Reeves as Klaatu, a mysterious man from another world, sent to warn Earth’s population that their destructive ways could lead to an attack from civilizations on other planets. As the government tries to sort things out, a woman (Jennifer Connelly) and her step-son (Jaden Smith) get caught up in the mission and ultimately learn the ramifications of this so-called “friend to Earth.” It will hit theaters on December 12, 2008.