IRON MAN 3, the much anticipated new movie starring Robert Downey Jr, will not be directed by Jon Favreau after the filmmaker walked out on the project, preferring instead to get behind the camera for the Disney movie 'Magic Kingdom', reports the Los Angeles Times. The 44-year-old was expected to make the third instalment in the superhero franchise, which has to date grossed $1.2 billion, however movie bosses are now on the hunt for a new director, with 'Zombieland's' RUBEN FLEISCHER thought to be among the possibilities.
Explaining his decision to walk away from the project, Favreau said that directing 'Magic Kingdom' would give him the opportunity to "find something that lights a fire", and allow him to "blow people away". Favreau, who has worked on family films before, most notably 'Elf', says he enjoys making movies for kids, adding, "It's great to be able to connect parents with children both emotionally and through humour. I look forward to exploring family entertainment once again and examining the specifics of our day-to-day lives against the backdrop of an extraordinary adventure".
The 44-year-old confirmed that he will remain as a producer on Marvel's 2012 adaptation of 'The Avengers' which is released 4th May 2012, but added that he is now looking forward to seeing what somebody else can do with the hugely popular 'Iron Man' franchise.