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Jaden Smith, son of Will Smith, will star in a remake of The Karate Kid for Sony Pictures. The long-rumored project is moving forward with a 2009 shoot date, according to Daily Variety.

Will Smith will produce the pic through his Overbrook Productions banner.

Chris Murphy will write the remake, which will take plot elements from the original film, while transplanting the action to more exotic locations, including Beijing.

Jerry Weintraub, who also produced the original, will produce the remake.

Jaden Smith had his first acting break opposite his father in The Pursuit of Happyness. He appears opposite Keanu Reeves in The Day the Earth Stood Still.

Olivia Wilde, who starred in Turistas and is a series regular on Fox’s medical drama “House”, has signed on to star in Tron 2.0, the sequel to the 1982 Disney cult classic being directed by Joseph Kosinski, according to Daily Variety and The Hollywood Reporter. Beau Garrett (Made of Honor) has also joined the cast.

The original, about a programmer thrust into a computer and forced to fight in games he helped create, is remembered for its sci-fi gladiator-style battles and groundbreaking special effects.

The new movie is acting as a “next chapter.” Plot details are being guarded closely, but Wilde will play a worker in the virtual world who tries to help fight Master Control Program, the villainous intelligence protocol that was the nemesis in the original film. Garrett will play a siren in the virtual world.

The trades say, “the male lead has not been cast, but the studio and filmmakers are screen-testing actors as it brings on other leads and supporting players.”

tags: sony pictures sequel mcg halcyon company franchise christian bale adventure terminator warner bros

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A fifth Terminator movie is being developed by Halcyon Company, with Terminator Salvation director McG, the company’s executives Derek Anderson and Victor Kubicek announced at the Dubai International Film Festival, Daily Variety reported.

No decision has been made as to where to film the next Terminator, although the Middle East was mentioned as a locale.

Salvation, the fourth Terminator film, was envisioned as the start of a new trilogy of films; Christian Bale signed on in the role of John Connor for all three movies. The fifth movie is tentatively slated for a 2011 release.

Warner Bros. Pictures is handling the domestic release of Terminator Salvation, with Sony handling the majority of the rest of the world, with the exception of the Middle East where the film is being handled by Dubai-based Gulf Film.

No decision has been made yet on whether the fifth Terminator will be once again split by Warner and Sony. Terminator Salvation opens nationwide on May 22, 2009.