The Barbershop is open for business. The third sequel to the comedy starring Ice Cube is said to be underway, with the rapper/actor reprising his role as Calvin Palmer with a mid-seven-figure deal, Deadline reports. Queen Latifah is also in talks to return to the franchise. MGM's decision to revive Barbershop is most definitely due to the films' prior successes. The original 2002 Barbershop cost $12 million to make but grossed $75 million domestic. The 2004 sequel cost $30 million and grossed $65 million.