Men in Black III-D

Men in Black III-D (originally titled Men in Black III) is an upcoming third installment of the Men in Black series of sci-fi action comedies, based on the Malibu comic book series The Men in Black by Lowell Cunningham. Tommy Lee Jones and Will Smith are signing on to return, while Josh Brolin, Sacha Baron Cohen, and Jemaine Clement are rumored to have parts.
Development
Variety announced in 2005 that Men in Black III will be in production, but with Jones and Smith being replaced. However, it was initially announced that they would reprise their roles as Agents Kay and Jay, respectively. Both had previously expressed interest in reprising their roles back in 2008. The third was originally based on a script written by Tropic Thunder and Madagascar: Escape 2 Africa writer Etan Cohen. Sony confirmed that David Koepp would serve as an additional screenwriter, joining Cohan. Koepp is currently rewriting a new draft of the script, which takes place primarily in the year 1969.
It will be released in 3-D and directed by Barry Sonnenfeld, who directed the first two installments.
While Smith has officially signed on to return as Agent Jay, Jones is in advanced negotiations to return as Agent Kay. Josh Brolin is also in talks to play the younger (1969) version of Kay. Others rumored to have parts in the film include Sacha Baron Cohen and Jemaine Clement. Production of the sequel is tentatively set to begin during the 2010 Fall season and will welcome back producers Walter F. Parkes and Laurie MacDonald. Steven Spielberg is also set to return as executive producer.
The movie is currently set to hit theaters May 25, 2012.
 
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