Smith told Screen Daily that The Weinstein Company, who own the rights to the franchise, passed on the sequel.
“[The Weinsteins] passed,” Smith said. “I went in with a $6 million budget and they were like, ‘Oh no, Kevin. This is too high.’ Bob offered us distribution, but they weren’t going to finance it.”
“Clerks II” reportedly cost $5 million to make and grossed $24 million Stateside in wide release. The original pic was shot with less than a meager $30,000 and earned $3 million in very limited release.
In the meantime, the writer-director is already working on a spinoff to his upcoming horror movie “Tusk.”
“Like ‘Tusk,’ ['Yoga-Hosers'] sprang out of a podcast,” Smith said. “There are two characters in a convenience store in ‘Tusk’ that you see for five minutes, very much Rosencrantz and Guildenstern. I’ve built a whole movie around them and I have brought one of the other characters from ‘Tusk’ back.”
“Tusk” will hit theaters later this year.