Will Smith Wants $50M for Independence Day Sequel

Is Smith's price tag too expensive?

Movie star Will Smith is undoubtedly one of the highest paid actors in Hollywood. Producers of his  blockbuster "Independence Day" know this better than anyone else -- Smith is asking for $50 million to star in ID2 and ID3.

Fifteen years ago, the first film racked in $800 million worldwide, Vulture reports. And with actors like Johnny Depp setting a precedent for such a price tag -- he earned $56 million for "Pirates of the Caribbean 4" -- Smith may just bank on his highly successful action flick.

Salary negotiations began back in 2009, but no decision has been made.

“The delay wasn’t about whether they both wanted to make the movie,” said a source. “It had more to do with ‘Whose d-ck is bigger?"

Also, Smith's unique demands present a problem for producers. For instance, the Philadelphia native wants to shoot close to his superstar family.

"He wants to be close to home, to the kids," said another source. "There’s also been talks about him wanting to include Jada and maybe even Willow in the movie, too. [Sony] just managed to get through the mire that was 'Men in Black 3,' and so they’re just trying to avoid anything remotely similar. They want the story straight, and want Will to sign off on it, totally, before they proceed.”

The scripts are set to be delivered to the studio by December, and only time will tell if Smith will be on board.