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December 14, 2010 - Iron Man 3 / Jon Favreau confirms he's not coming back to direct

Scooped on Tuesday, December 14, 2010

What began as a rumor on one website turned into confirmation from director Jon Favreau later in the day.

Earlier today the Vulture website published a story that Favreau had just told Marvel Studios that he would not be interested in directing Iron Man 3. Vulture's source didn't know if the reason was creative, financial or a combination of both. Word is that Favreau was paid $10 million for directing duties on Iron Man 2 and would have asked for something in the neighborhood of $12 million to $15 million for IM3 plus a percentage of the film's gross.

Later in the day Favreau confirmed Vulture's story through a tweet. "It's true, I'm directing Magic Kingdom, not Iron Man 3. I've had a great run with Marvel and wish them the best," he told his fans.

Later still Hero Complex, the genre blog of the Los Angeles Times newspaper, published an exclusive interview with Favreau that contained more quotes about the announcement. "Marvel and I both came of age together," Favreau said. "The years that we shared were a pivotal experience. Kevin [Feige, Marvel Studios' president] has a firm grasp on the many franchises and how they all interweave and I am happy that I had the opportunity to establish the world that these characters can now play in…. Iron Man has given me tremendous opportunities and Kevin and I are enjoying a lot of momentum in our careers thanks to the Iron Man films. I look forward to seeing what others can do playing in the same world."

Vulture added that Marvel has begun the search for a director for Iron Man 3.

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