Further details have emerged from 'Jess', a scooper on recently rumoured third entries in the lackluster "I Know What You Did Last Summer" and "XXX" film franchises:

"Greetings from an understaffed, but all-too-rare independent video-store. Was talking to our Sony rep today and he told me he's just read the script for "I Know What You Did Last Summer 3". He said it's coming to DVD here next Summer.

It's called "I'll Always Know What You Did Last Summer" and this is kinda what happens in it: The lead kids are at a state fair and one of the kids' fathers, a Navy Seal, is at a veteran's booth. That kid is killed (by the fisherman - who gorges him), so for the rest of the film, the father is haunted by his son's death. Basically, Dad and Fisherman come face to face by the end.

Don Shanks from Halloween 5 is the villain this time, the fisherman, - but there's a great twist, this time, which I won't reveal, but let's just say - it makes sense for the original actor not to be playing the Fisherman. Brooke Nevin is the lead girly in the film - she was in "The 4400".

You might also be interested to know that Sony's possibly doing a new direct-to-video sequel to "XXX". The store rep says the film didn't make much money theatrically (XXX 2) but it's done good on DVD, so they might just start releasing them straight to DVD."

Thanks again to 'Jess'