After the disaster that was “Love Guru,” Mike Myers has decided to revive the Austin Powers franchise. Probably because he couldn’t get work anywhere else.

I’m told that Mike Myers has started writing Austin Powers 4 which will be an 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. Myers is penning his idea with Baby Mama’s Mike McCullers, who collaborated with Myers on Austin Powers 2: The Spy Who Shagged Me and Austin Powers 3: Goldmember.