Jon Favreau Not Directing Iron Man 3
12.15.10 by Ryan
In November, it was announced that Disney had hired Jon Favreau to direct Magic Kingdom, a movie where the attractions at Disneyland came to life. While Favreau spoke last week about his research for the movie, the question remained how he would juggle Magic Kingdom and Marvel Entertainment's upcoming Iron Man 3, which had already
been assigned a 2013 release date. With Disney distributing both movies, it was assumed that Favreau would find a way to do both.
Then came word from Vulture that "insiders" claimed Favreau had "informed Marvel Studios that he won't direct a third Iron Man film." Before anyone could attempt to discredit information disseminating from nebulous "insiders," Favreau confirmed his decision via his Twitter page, leaving the fanboy community to pick up their collective jaws.
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.
The Vulture report speculated that Favreau's departure could be financially motivated, considering his price tag for Iron Man 3 would likely be even higher than the $10 million he was paid to direct Iron Man 2.
Another theory was that the growing Marvel Cinematic Universe was becoming so vast that Favreau was becoming frustrated with the amount of characters he might potentially have to use for Iron Man 3. Favreau recently admitted that the third Iron Man would be a sequel to 2011's Thor and Captain America, and 2012's The Avengers.
While financial issues may have played a part, Favreau explained to The LA Times that The Magic Kingdom gave him the opportunity to "blow people away, which is easier to do with a project that isn't loaded with built-in expectations." With Favreau content to move forward, the director revealed he remains close to Marvel.
Marvel and I both came of age together. The years that we shared were a pivotal experience. [Marvel president] Kevin [Feige] 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.
Favreau is currently editing the upcoming Cowboys and Aliens, and will remain as a producer on The Avengers.