Oct 27, 2011 05:03 PM EST

Independance Day Sequels In Development

Independance Day Sequels In Development
"Independence Day", the star studded blockbuster hit, will have two more films to add to its franchise, and they will be scripted back to back.

In development since 2009, the film has been working on a deal with Will Smith, but the $50 million that he asked for, along with director Roland Emmerich's salary, is just too out of budget for Fox. Emmerich along with producer/writer Dean Devlin, are reportedly tightening up the script and delivering a copy to Fox by Mid-December.

The sequels will be only one storyline, but are said to be strong enough to hold their own individually.

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