Will Smith’s Karate Kid Ready for Remake

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So as not to anger too many dojo loyalists, the new film will follow the formula of bullied youth meets eccentric mentor. Lending some Method to the remake madness, Jaden has already been schooled in martial arts.

The elder Smith is not expected to appear in the film, but will produce. Chris Murphy, the scribe of the original franchise, is writing the new take, which will film in Beijing next year.

More here.

UPDATE: Looks like they want Jackie Chan in there in role of Miyagi.