Mike Myers Penning Austin Powers 4

Mike Myers has been developing a fourth "Austin Powers" movie for quite a while now. In May of 2007, he said:

"We're developing a fourth [movie], entirely from Dr. Evil's point of view. That is part of what I've been doing in the last little while."

Now, Deadline Hollywood Daily has a few more details on which direction Myers is going:

I'm told that Mike Myers has started writing Austin Powers 4 which will be a homage to his father. "It's very personal with a father and son theme loosely based on his own life," an insider tells me. As Myers has previously said, this fourth installment of the super spy spoof movie series will focus on Austin's arch-villain Dr. Evil, who was based on Blofeld of the Bond films. But what hasn't been known is that the AP4 plot is really about Dr. Evil and his son (introduced already as Scott Evil, played by Seth Green).

The site adds that Myers is co-writing again with Michael McCullers, who collaborated with Myers on the second and third installments.