Zak Penn writing Hulk 2: The Incredible Hulk
Thursday, April 27, 2006

The following was originally posted on Variety:

Marvel disclosed it is pursuing a second "Hulk" pic, despite the so-so performance of Ang Lee's 2003 film. Zak Penn, who has collaborated with Marvel on several features, including the upcoming "X-Men: The Last Stand," will pen the script for what's being called "Incredible Hulk."

Universal, which handled the first "Hulk," would distribute the follow-up.

Follow-up is expected to have a smaller budget and be less erudite. "There's something very primal about the Hulk that we didn't get in movie one," said Marvel Studios chair Avi Arad.

Arad said the intent is to use the $525 million Merrill Lynch debt facility to finance "Iron Man" and the "Hulk," even though those titles were not among the 10 listed when the deal with Merrill Lynch was struck last spring.

If those pics are produced, Marvel would have to either raise more money or put aside other projects in development to make room.

Budgets on Marvel pics are expected to be between $50 million and $165 million.

Marvel hasn't committed to put any of its pics into production yet, though it's hoping to release the first one by 2008. "Iron Man" and "Incredible Hulk" are furthest along and thus most likely to hit that date.

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