Watch out, Ralph Macchio. There's a new 'Karate Kid' in town. Will Smith's son, ten-year-old Jaden Smith, is set to star in the remake of the classic 1984 martial arts film. The plot, about a California boy who gets a confidence booster by becoming a karate whiz, will remain the same while the movie is set to shoot in Beijing and other cities.

Jaden, has already amassed an impressive resume with roles in 'The Pursuit of Happyness,' where he starred alongside his dad, and the sci-fi flick 'The Day the Earth Stood Still,' due in theaters this December.

'Hancock' was a hit this July 4th weekend, raking in over $107 million! As far as superhero movies go, this Will Smith flick won over audiences across the nation, making us think about other action adventures that soared, or in some cases sank. Check out the best and the worst of superhero movies past in in this Moviefone gallery.

After months of waiting for the summer's funniest superhero flick, 'Hancock' is finally here! The movie, which stars Will Smith, Charlize Theron and Jason Bateman, was released yesterday -- just in time for the holiday. So, watch the trailer, grab your friends and hit the theaters this weekend for a roaring good time.

If the stars of 'Hancock' look like they're having fun, it's because they are. Will Smith, Charlize Theron and Jason Bateman hit the Unscripted set to answer your questions and show off their lighthearted chemistry. Hear what the actors had to say about everything from their kissing scenes to their desired superpowers in this candid interview, and check out the movie, which hits theaters on July 2.

Will Smith is back to his action-movie tricks, only this time he plays Hancock, a misunderstood and completely flawed superhero with a ... bad rap. His luck changes when he saves the life of a PR exec who attempts to give the sarcastic wonder an image overhaul. It won't be easy, but then again the victory wouldn't be as sweet if it were.

Watch this exclusive 'Hancock' trailer (more, if you like 'em) and see the movie in theaters on July 2.