Industry insider In Like Clint is tweeting that Paramount Pictures is looking to reboot the G.I. Joe Live Action Movie Franchise (again!?!) with producer David Ellison at the helm.
It is unclear whether Mr. Ellison will completely replace producer Lorenzo di Bonaventura, who is currently the spearheader of the franchise. Both of them worked together on the financial disaster that was G.I. Joe: Snake Eyes.
Paramount is also reportedly eyeing veteran actor Michael Keaton for an unspecified role within the rebooted Joe universe.
The studio kicked off the live-action G.I. Joe series with G.I. Joe: Rise of Cobra (2009). The movie was panned by the critics and Paramount course-corrected with a soft-reboot titled G.I. Joe: Retaliation (2013). This second unsuccessful attempt led to a hard-reboot with G.I. Joe: Snake Eyes in 2021. With the COVID climate wreaking havoc across the industry, Snake Eyes never reached the break-even point.
Not too long ago, Hasbro renewed its agreement with Paramount Pictures for the Transformers and G.I. Joe franchises.
This news comes in light of this renewed contract between the two giants.
We await for more development.