Last year's big screen adaptation of Electronic Arts 'Need for Speed' franchise might have hit a wall with disappointing returns of a little over $200 million worldwide on a $66 million budget, but strong interest from the Chinese domestic market has ensured that a sequel is speeding into production.
Variety is reporting that a Chinese venture partnership that last year partly financed 'Transformers: Age of Extinction' is behind the efforts to produce a sequel, with an agreement with EA now in place. The title is especially lucrative to the Chinese market considering that a third of the film's entire worldwide box office was raised in the Chinese market. The only current roadblock is Dreamworks pictures who hold the rights, but with apparently little desire to move ahead, could conceivably be transferred with the right amount of cash.
As of now, there's currently no word on a script or cast, but the partnership have assured that much of the film would be filmed in China, with Chinese cast members and could begin as early as this year if negotiations conclude successfully.