GI JOE sequel confirmed!!!!!

Enitre cast set to return (contractually obligated)
Summers not confirmed to return to direct

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"G.I. Joe: The Rise of Cobra" earned a studio-estimated $100 million around the globe on its opening weekend, marking Paramount's third successful big-budget action movie of the summer, albeit the smallest one.

The film came in about $10 million under the opening weekend of "Star Trek," which earned $75.2 million domestically and about $35 million overseas. "G.I. Joe" did better internationally, where it grossed a studio-estimated $44 million, despite not yet launching in several key markets, including Germany and Italy. It underperformed "Trek" in the U.S. and Canada, where it opened to $56.2 million.

That's certainly good enough for Paramount to claim victory, however, and start thinking about the future. The studio's vice chairman, Rob Moore, confirmed that a sequel will soon go into development. The film's lead actors are contractually obligated to return for another film, though director Stephen Sommers is not.