Reports are divided as to whether a Sex and The City sequel, starring the same cast, is in the planning stages. Sarah Jessica Parker told US Weekly that she’d be open to it, but that she needed to talk it over with the screenwriter/director Michael Patrick King. She said it’s all about whether they can create a compelling story for the audience.

Fox411 reports that King and Parker confirmed that a Sex and The City sequel was in the works, though, spilling the news at last night’s party for the DVD release of the first successful installment:

Well, I did tell you a long time ago that Michael Patrick King thought there would be sequels to “Sex and the City: the Movie.”

Thursday night at the Public Library party for the DVD of the film, he and Sarah Jessica Parker confirmed it. He’s off to write the next installment. Both SJP and Kim Cattrall told me they’re excited to see what he comes up with.

At the same time, Candace Bushnell announced that she’s writing a “prequel” to the ladies’ lives, taking them maybe from teen through college years to the time they all met.

King told me, quipping, “I’m thinking of doing an animated version of them as babies.”

SJP added, “Let’s wring everything we can out of this thing!”

It didn’t hurt that she was dressed and styled like a modern Audrey Hepburn, and that she worked the pink carpet full of media outside the Library like a pro. There just is not a more gracious movie or TV star around.

[From Fox411 via Huffington Post]

It sounds like they’re definitely going to make this film, but they better hurry up and get cracking on it as time is wasting. It took a long time to put out the first one, but they won’t have that luxury if they want to capitalize on the film’s success.

Sarah Jessica Parker was trying to channel Audrey Hepburn at the DVD release party last night at the NY Public Library, but whether she succeeded is up to question. She’s a lovely woman, but it looked more like she was dressed as Hepburn for a Halloween party than a Hollywood one. All that was missing was the cigarette holder, and she tried to emulate that with a smoke-like print on the front of her dress. I can’t decide if her fuschia shoes are fashion-forward or clownish. The real issue may be with her overdone hair and makeup.

Parker’s co-star Kim Cattrall, 52, showed off her bra in a sequin top that was open halfway down the front. Her longterm boyfriend, 25 year-old chef Alan Wyse, wore a black velvet jacket that matched her dark purple one.

Cynthia Nixon was well dressed in a silver cap sleeve dress with contrasting ribbing. She usually seems to be spot-on in the outfits she chooses for events.

Kirstin Davis wasn’t at the party last night. She was said to have been in LA for work. I wonder why she didn’t fly out though, it seems she would have worked to make an appearance.

Photo credit: WENN. Last photo below from PRPhotos