The first two installments have proven to be box office hits — Rise of Cobra grossed $302 million while 2013’s Retaliation shot up $375 million – although fans have not exactly been crying “Go, Joe!” for sequels.

Paramount hopes to change that with Caruso and Berg.

Lorenzo di Bonaventura is producing.

Berg became a hot commodity when his Section 6 spec caused a bidding war, with Universal ponying up $1.2 million against $2 million in late 2013. The project, however, provoked a lawsuit from MGM and James Bond rightsholder Danjaq who claimed it was a Bond knockoff.

The suit was settled in January, and now the project, with Joe Cornish attached to direct and Jack O’Connell attached to star, is moving forward.

Berg is repped by CAA, Management 360 and attorney Rob Szymanski.

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