According to The Hollywood Reporter, 20th Century Fox confirmed months of speculation that it would bring its summer boxoffice hit Fantastic Four back for a second installment.

Director Tim Story and scribe Mark Frost have signed on for the sequel, which is set for a July 4, 2007, release. The first installment, which grossed more than $154 million domestically, also had been slated for July 4 weekend bow but switched to July 8 to avoid a head-to-head clash with War of the Worlds. The move paid off as the Marvel comic book-based tale earned $56 million in its opening take. This time around, Fantastic Four will be facing a formidable superhero foe in Spider-Man 3, which opens in May 2007.

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