With DreamWorks founder Jeffery Katzenberg previously talking up more SHREK sequels at Cannes, DreamWorks has announced that HOW THE GRINCH STOLE CHRISTMAS scribes Peter Seaman and Jeffrey Price will write the screenplay for SHREK 3. In addition, Jon Zack (PERFECT SCORE) has been hired as a script consultant.
The studio confirms that the third film will deal with King Arthur and the Knights of the Round Table. Internet rumors state that the film will follow Shrek and Fiona's attempts to hand over their new crowns to Fiona's friend Arty (i.e. King Arthur), who is attending college with cheerleader Genevieve and jock Lancelot.
Like the other SHREK films, other writers will be brought onto the project to polish it after Seaman and Price. The studio said they might look to writers who worked on the previous films in the franchise.
No director(s) have been announced and it is most probable that stars Mike Myers, Cameron Diaz and Eddie Murphy will return as the key voices. The actors received $5 million for SHREK 2 and should be able to negotiate bigger paychecks after the stellar performance of the sequel. DreamWorks hopes to have SHREK 3 in theaters for the holidays in 2006.