Favreau Will Not Be Back For Iron Man 3

From Vulture:

The poet Robert Browning once wrote that “a man in armor is his armor’s slave.” By that logic, director Jon Favreau is now a free man: Insiders tell Vulture that Favreau has just informed Marvel Studios that he won’t direct a third Iron Man film.

It’s unclear whether the impasse was financial or creative or both. One informed source hears that he was frustrated with Marvel’s urge to stuff more of their in-house heroes into the next film in the wake of The Avengers. In a recent interview with MTV News, Favreau explained that based on his conversations with Marvel Studios executives, he had no clarity as to what a third Iron Man film would even be about. “In theory, Iron Man 3 is going to be a sequel or continuation of Thor, Hulk, Captain America and Avengers,” said Favreau at the time, “This whole world … I have no idea what it is. I don’t think they do either, from conversations I’ve had with those guys.”

This was later confirmed on Favreau’s Twitter feed:

0It’s true, I’m directing Magic Kingdom, not Iron Man 3. I’ve had a great run with Marvel and wish them the best.

Skitch Commentary: I know a lot of people criticized the second Iron Man movie, but I liked them both quite a bit. This definitely is a big loss. I hate to say it, but I think I would rather more Favreau Iron Man than an Avengers movie. I really wanted to see his take on Mandarin.

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Source: New York Magazine's Vulture Blog