Dec 16th, 2010

Jon Favreau is not directing Iron Man 3. Favreau reportedly made the decision last week, but it is unsure if his decision was financial, creative or both. Other reports state that Favreau was frustrated with Marvel wanting to include more and more of their characters into the Iron Man series. It is also said that Favreau may have simply been too expensive for Marvel at this point. Favreau made a reported $10 million for Iron Man 2, and with rumors that Disney was looking to cut costs, some have theorized that Disney may have been pushing a confusing and packed vision of the third film as a tactic to provoke Favreau into leaving the project.

Marvel began quietly searching for a new director as of last night, and it should be noted that Robert Downey Jr. has contractual approval over the director of the film. Favreau is still working on two projects for Disney, which are Magic Kingdom and finishing up Cowboys & Aliens.

Source.

It has also been confirmed by Jon himself via twitter.

So sad to see him go. He was such an integral part of the Iron Man family and will be missed by all of us.

Hopefully the new director will be as much of shipper as Favs was. Knowing that RDJ has a say on who gets to direct gives me hope, we know he loves Pepper and Tony as much as Jon does.

We’ll be opening the art gallery in the next few days, no time like the present to celebrate our ship.

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