New Line's rushing to start "Rush Hour 3" officially greenlighting the sequel with the aim of launching production in late summer and releasing it next summer reports Variety.
"Rush Hour 3" will be set in Paris, where Tucker and Chan's characters will battle a wing of the Chinese organized crime family, the Triads. The previous two films have earned in the realm of $600 million worldwide, this one has been in development for almost five years but hasn't come together due to scheduling difficulties.
New Line signed Chris Tucker, Jackie Chan, director Brett Ratner and screenwriter Jeff Nathanson last fall to reunite for the sequel but had the option to greenlight the pic up til the end of this week.
Tucker will earn $20 million against 20% of gross along with a second-picture commitment for the same salary on a film to be determined later. Chan will get around $15 million against 15% of gross and own distribution rights in China and Hong Kong.