Zak Penn To Write 'The Karate Kid 2'

Looks as if plans for a sequel to The Karate Kid remake are under full-swing now -- seeing as a writer has been tapped to pen the script.  Welcome aboard, Zak Penn.
Columbia Pictures has tapped "The Incredible Hulk" scribe Zak Penn to rewrite its untitled sequel to 2010's surprise hit "The Karate Kid." Ethan Reiff and Cyrus Voris were hired to write a sequel just weeks after director Harald Zwart's "Karate Kid" reboot took in $55.6 million domestically over its opening weekend. China-set pic went on to gross $359 million worldwide. While plot details remain under wraps, original stars Jaden Smith and Jackie Chan are expected to reprise their roles, though no deals are currently in place. Overbrook Entertainment principals Will Smith, James Lassiter, Ken Stovitz and Jada Pinkett Smith will produce with Jerry Weintraub, while Sony exec DeVon Franklin will oversee the project for the studio.
Source: Variety