Roland Emmerich: Will Smith Won't Be in 'Independence Day' Sequel

Will Smith
<p>Will Smith spent years renovating the family&#39;s $20 million ranch-style estate in the Santa Monica Mountains above Malibu. The actor enjoyed many of the comforts of home in a lavish trailer during filming in New York for &quot;Men in Black 3.&quot;</p>
The director says the actor has become too expensive.

Fox may have announced plans to move forward with a sequel to its 1996 blockbuster Independence Day, but star Will Smith may not be returning for the second film.

While promoting his latest film, White House Down, Independence Day director Roland Emmerich said Smith won't be in the sequel, which he's also set to helm.

"Will Smith cannot come back because he's too expensive, but he'd also be too much of a marquee name," Emmerich told the New York Daily News. "It would be too much."

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"We have maybe half of the people that you would know from the first film, and the other half people who are new," Emmerich added.

Independence Day was one of the movies that made Smith a star, and Emmerich once said a sequel wouldn't happen unless Smith was on board.

A Fox spokesperson declined to comment on Emmerich's remarks when contacted by The Hollywood Reporter.

THR has reached out to Smith's rep.