Downey extends Marvel deal, to be Iron Man at least three more times

Downey may be Marvel’s “golden” boy at the moment, but he is sure to see a lot green once the deal has been finalized. Variety says that in addition to starring in the forthcoming “Iron Man 2,” Downey has agreed to return as billionaire Tony Stark in another Iron Man sequel and will play a part in Marvel’s “Avengers” adaptation. Four tentpole projects total, one a franchise in itself, pretty much guarantees a huge payday for Downey.

Jon Favreau, who is set to helm the second “Iron Man” picture, will also exec produce “The Avengers,” which is scheduled for release on July 15, 2011. That feature will unite Iron Man, Captain America, Thor and the Incredible Hulk characters.

Marvel Comics has also confirmed that Don Cheadle will replace Terrence Howard as Col. James Rhodes in the “Iron Man” sequels. Cheadle will also appear in “The Avengers.”

“Iron Man 2” will hit theaters May 7, 2010.

In the mean time, Downey’s next project is Warner Bros.’ “Sherlock Holmes,” which could also turn into a new franchise for Downey. Either way, deals put Downey front and center in a major tentpole each year through 2012.

Marvel will self-finance and produce its upcoming slate with Paramount distributing the movies.

Credit: Variety

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