Deadline:
MGM is reviving its Barbershop franchise. The film company is negotiating a mid-seven-figure deal with Ice Cube to reprise his role as the catalyst for Barbershop 3. They are about to start talking to writers and I’m told the hope is to re-enlist Cedric the Entertainer and Queen Latifah as well. The 2002 original cost $12 million and grossed $75 million domestic while the 2004 sequel cost $30 million and grossed $65 million. MGM, whose late good fortunes are driven primarily by the 007 and Hobbit franchises, have clearly made franchise building a priority. There is a second Hot Tub Time Machine coming through Paramount at year’s end, Hercules has sequel aspirations, and there is the revival of the Poltergeist series. MGM is also working on the animated version of The Addams Family.
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The first two were very successful so this one might be too.