Heat Vision reports that Paramount Pictures is developing a third installment The Ring franchise to be titled Ring 3D. Rumors of a third entry have been swirling about for some time.
The new film will be written by David Loucka, who wrote the upcoming Dream House and House at the End of the Street.
The first installment, directed by Gore Verbinski and starring Naomi Watts, earned an impressive $249.3 million worldwide in 2002. Watts reprised her role in director Hideo Nakata's The Ring Two, which made $161.5 million in 2005.
According to the trade, "the new film is being fashioned as more teen-centric than the first, and though the logline is being kept under wraps, the aim is to reinvent the franchise."
Source: Heat Vision