Chronicle 2 is finally happening according to producer John Davis. Released in 2012, the original Chronicle was directed by Josh Trank and starred Dane DeHaan, Alex Russell, and Michael B. Jordan. The found footage movie was cheap to produce and pulled in major profits at the box office, helping to launch the careers of Trank along with the lead actors.

Given the financial success of Chronicle, a sequel seems like it would be a no-brainer for 20th Century. One has yet to come to fruition, but not for a lack of trying. Max Landis, the original screenwriter for the first movie, had even penned a script for Chronicle 2 several years back, though his story was tossed when Fox hired Jack Stanley to pen a new draft in 2014. The project seemed to have died in development hell in the years since with Chronicle almost getting forgotten about.

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As it turns out, Chronicle 2 is still on the board over at 20th Century. Producer John Davis recently revealed to Forbes that a sequel is now in development at the studio based upon the great financial success of the first movie. He also suggested the sequel will introduce a new cast to present the Chronicle story from the female perspective.

"Chronicle was literally the best return on investment, any of my movies ever made," Davis said. "Chronicle we did for $12 million, and it grossed $126.64 million worldwide. Then it had a huge afterlife in syndication. It's one of the most financially successful movies in my stable. We're working on Chronicle 2 right now, and I think it's going to be great. We're working on it at Fox (20th Century Studios)."

He added: "It's going to give us a chance to tell the story in a different way. We're going to tell it from the female point of view. It will have been ten years since the event happened in Seattle, and a lot of it's going to deal with fake news and real news and cover-ups. More interestingly, it's the next generation getting these powers that are corruptive. These are young women just finishing college, they are empowered, and this is their journey. I mean, what a new and interesting story you can tell there."

It's not clear who's involved with the current version of the Chronicle 2 project at 20th Century, but we shouldn't count on seeing Josh Trank back in the director's chair. Last year, he had made it clear that he does not want Chronicle 2 to ever happen. In fact, he admitted in a Polygon interview that he put in extra effort to prevent the sequel from ever seeing the light of day.

"I made it difficult for them to set up meetings," Trank explained. "I was dodgy about stuff. I did a lot of sh-tty things. Because I really didn't ever want to see Chronicle 2 happen. That was my worst nightmare. First of all, I'm not doing it. Second, if somebody else does it, then you know it's gonna be a piece of sh-t."

Chronicle does have its fans, even if its director is not among them. It remains to be seen if the sequel will be able to perform quite as well, especially with a new creative team and cast of characters, but it's definitely going to be worth checking out for anyone who enjoyed part one. This news comes to us from Forbes.