Will Smith's 'Bad Boys 3' has a new name and release date

Will Smith and Martin Lawrence starrer Bad Boys 3 is now titled Bad Boys for Life.

The long-in-development movie, which was originally slated to release on February 17, 2017 will now hit the theatres on January 2, 2018, reported Aceshowbiz.

Sony is yet to decide the production start date for the third instalment.

Safe House scribe David Guggenheim is set to pen the screenplay.

Joe Carnahan, who directed Liam Neeson in 2010's The A-Team and 2014's The Grey, will helm the project.

The first two instalments of the buddy-cop film series were directed by Michael Bay.