Jon Favreau Not Directing 'Iron Man 3'; New Job On Disney's 'Magic Kingdom'

The third installment of the “Iron Man” franchise is in need of a director – Jon Favreau, who directed the first two movies, will not return for the third.

“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,” Jon Tweeted on Wednesday.

The actor-turned-director also spoke to the Los Angeles Times’ Hero Complex blog about his decision to part ways with the comic book studio.

“Marvel and I both came of age together,” Jon told Hero Complex. “The years that we shared were a pivotal experience. [Marvel Studios 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.”

The 44-year-old filmmaker is excited to make the family adventure at Disney, which will reportedly focus on Disney’s vintage characters and creations.

“When I first heard about the [‘Magic Kingdom’ film] project, I was on my way to visit Disneyland with my family. I took notes and had no problem filling a book with all the ideas that this concept offered, even on first blush,” he recalled.

Adding, “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.”

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