Jaden Smith’s role in Karate Kid helped the movie generate more than $150 million in domestic and international ticket sales and while he was only 10 years old at the time of his contract, the young actor earned more than $3 million for his part.

According to the young stars contract he received two payments in the amounts of $900,000 and $100,000 for his role and then another $2 million when the film’s gross hit the $150 million mark.

It should be noted that $3 million is the minimum payout the star will receive thanks to additional in-contract perks that were worked into Smith’s payout.

It’s not Will Smith type cash yet, then again he was only 10 at the time of filming and Jaden is only 12-years-old today.

Jaden Smith Was Paid Millions To Star In ‘Karate Kid’ is a post from: The Inquisitr

Jackie Chan is set to play Miyagi in the remake of 80′s classic The Karate Kid.

The movie is being used as a vehicle for Will Smith’s son Jaden Smith, who was last seen in The Day the Earth Stood Still.

Shooting on The Karate Kid commences in Beijing in the northern summer. According to new reports, the new film borrows elements of the original plot, with some updates.

Variety has more.

Jackie Chan To Play Miyagi in Karate Kid Remake is a post from: The Inquisitr

Not satisfied with vandalising shows like Teenage Mutant Ninja Turtles, Power Rangers, and Fraggle Rock. Hollywood studios seem intent on destroying another cheesy classic.

The 80′s appear to be the new gold mine for lazy studio execs. There is also talk that Zac Effron has signed up to do Footloose and they are remaking Robocop and Red Dawn, oh and Top Gun.

Back to the Karate Kid. Mr Miyagi is rumoured to be played by Martin Lawrence, so I guess he won’t be called Mr Miyagi. The plot stays the same though, bullied kid learns to defend himself via an eccentric mentor. Still, I won’t be considering it a proper remake unless the crane scene is in there.

I guess it is no surprise that Will Smith will be producing the film.

Jaden Smith to Star in Karate Kid Remake is a post from: The Inquisitr