Source: Deadline Hollywood Daily

Sony has set a May 25, 2012 release date for Men in Black 3. Will Smith and director Barry Sonnenfeld are on board, while Tommy Lee Jones and Josh Brolin are in negotiations. The project will be released in 3D.

2002's Men in Black II brought in a healthy $190.4 million domestically, which translates to around $261 million when adjusting for inflation.