We reported on a fifth Rambo film, now it seems another action franchise is getting ready for a sequel, as Columbia Pictures is developing a third “Bad Boys” film.  The Hollywood Reporter says the studio has hired Peter Craig to begin work on the script, with the hope that all those involved with the first two films will return for this one.  The only problem will be finding the time and money to get Will Smith (I Am Legend), Michael Bay (Transformers) and Martin Lawrence (Wild Hogs) back together for a third film.

Will Smith and Michael Bay would seem to be the hardest to nail down because of their schedules, and of the three stars, their paychecks will be the biggest. The last film, 2007’s Bad Boys II, grossed $273 million worldwide, so this news is no surprise. Now that Smith is the #1 Box Office star and Bay just did another Transformers, I bet their paychecks alone eat up at least $50 million of the third films budget. I do hope that the next film will be shorter than the last, Bad Boys II suffered from its overly long running time IMO, but it was still an entertaining flick. I personally hope that Michael Bay will shoot another Bad Boys before he does the inevitable Transformers 3.  I feel his more adult movies are better than anything else he does. What do you make of this news? Will you be lining up for another Bad Boys?