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Billion-Dollar G.I. Joe Franchise Gets Second 'Snake Eyes' Movie

A fourth G.I. Joe is in development, with Paramount Pictures and Hasbro negotiating with the writing team of Joe Shrapnel and Anna Waterhouse to pen the script.

Paramount Pictures and Hasbro are developing an untitled fourth G.I. Joe movie, with the studio in negotiations with the writing team of Joe Shrapnel and Anna Waterhouse to pen the script.

The new project would be a follow-up to Paramount's upcoming release Snake Eyes: G.I. Joe Origins, with Crazy Rich Asians star Henry Golding in the lead role as the head of an anti-terrorist group. Robert Schwentke directed the movie, which opens on October 23.

The film is a reboot of the franchise and comes seven years after G.I. Joe: Retaliation.

(L) Henry Golding and (R) director Robert Schwentke attend a "Snake Eyes" event at the Hie-Jinja Shrine on January 10, 2020 in Tokyo, Japan. Image: Christopher Jue/Getty

The film series, based on Hasbro's action figure toy line, was launched in 2009 with G.I. Joe: The Rise of the Cobra. The two G.I. Joe films grossed a combined $1.1 billion at the worldwide box office.

Veteran action producer Lorenzo di Bonaventura, who has produced the G.I. Joe and Transformers movies, will produce the new film with Hasbro's Allspark Pictures.

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Shrapnel and Waterhouse wrote the recent Jean Seberg biopic Seberg, starring Kristen Stewart, and Netflix's Rebecca, with Armie Hammer and Lily James.

The duo is also working on Legendary's The Great Machine, based on Brian K. Vaughan's comic book Ex Machina.