Barbershop II
Barbershop II

Deadline.com is reporting exclusively, MGM is reviving the Barbershop franchise.

Ice Cube is currently negotiating a mid-seven-figure deal that will reprise his role as the catalyst for  Barbershop III.

The Studio is hopeful Queen Latifah and Cedric the Entertainer will be able to return for the third installment as well.

The original film was released in 2012 and cost $12 million to produce, grossing $75 million domestically.  In 2004 the sequel was released costing $30 million and grossing $65 million.

Ice Cube will produce ‘Barbershop III’ along with Matt Alvarez, George Tillman Jr. and Bob Teitel.

Congratulations!

Read more: Deadline.com