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.
Penn knows his way around fight scenes, having written the superhero pics “Elektra,” “X-Men: The Last Stand” and “The Incredible Hulk.” He also co-created the Syfy series “Alphas” and wrote, directed and produced the improvisational poker comedy “The Grand.” Scribe most recently worked on a “Dirty Dozen” remake, as well as an original take on the classic “Argonauts” tale for 20th Century Fox.
Penn is repped by CAA.