Jon Favreau Not Directing Iron Man 3?

Jon Favreau, known as Vince Vaughn’s hetersexual life mate and the director of the Iron Man franchise has reportedly left the building, the Marvel Studio building that is.

According to Vulture , it seems Favreau, has parted ways with Marvel Studios in directing the much-anticipated third installment.

“Insiders tell Vulture that Favreau has just informed Marvel Studios that he won’t direct a third Iron Man film. [Some] industry insiders look at Favreau’s growing price tag and speculate that he was getting too expensive for the equally frugal Marvel and its parent company, Disney. In fact, one Hollywood player familiar with Marvel’s playbook theorizes that the company had been pushing a confusing and packed vision of the third film as a tactic to provoke Favreau into leaving the project.

Receiving $10 million for the Iron Man sequel, it’s unclear what he’d be seeking for a third film, but reps familiar with these sorts of gross participation deals tell Vulture that he likely would command $12 million to $15 million up front, plus a 15 percent percent of the gross after the film recouped. Regardless of why, we’re told that Marvel quietly began the process of finding a director to replace Favreau last night. But Marvel’s task is complicated by the fact that Downey Jr. has both contractually negotiated director approval and is currently the hottest leading man in Hollywood with first pick of dozens of “go” movies around town.”

Vulture further states Marvel execs hope to put a director on the project to guide its development as soon as possible.

Faverau done with Iron Man? I’m not completely sold that this is 100% true. I was just reading an article a day or two ago where he conveyed how much he is looking forward to doing IM3. I’m sure this is just another rumor that will be debunked mere hours after posting it.  On the other hand, Faverau did meet with some studio interference and subsequent negative reviews on Iron Man 2. So, maybe he is demanding a pay increase for all the bull shit he’s bound to incur on the 3rd installment. Regardless, no one actor or director should be above the whole marvel universe.

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