UPDATE 7:20 AM: We just learned that James Cameron is telling Hollywood that Fox made a “huge” donation to his environmental green fund, and in return he committed to making the Avatar sequel and threequel his next films. That also caused him to withdraw from Sony Pictures’ Cleopatra with Angelina Jolie, even though he’d told the studio that he’d always wanted to film the Queen Of The Nile’s story.
WEDNESDAY 6 AM: With this move, Twentieth Century Fox effectively ties up James Cameron through December 2015, apparently putting a hold on Sony Pictures’ hopes for the director to helm a fast-tracked Cleopatra starring Angelina Jolie in 2012:
LOS ANGELES (October 27, 2010) __ Moving forward with the most anticipated films of the next decade, Fox Filmed Entertainment Chairmen Jim Gianopulos and Tom Rothman announced today that Academy Award®-winning filmmaker James Cameron has agreed to make AVATAR 2 and 3 as his next films.
Cameron, who had always viewed AVATAR as the creation of a new world and mythology, will begin work on the scripts early next year with an eye towards commencing production later in 2011. Cameron will decide if he will shoot the films back-to-back after he completes the scripts, but the release of the first, as yet untitled sequel, is targeted for December 2014, with the third film contemplated for a December 2015 release.
AVATAR 2 & 3 will be produced