Jon Favreau Not Directing Iron Man 3; Who Should Replace Him?

Jon Favreau will not direct Iron Man 3, he announced on Twitter.

"It's true, I'm directing Magic Kingdom, not Iron Man 3," Favreau wrote Tuesday. "I've had a great run with Marvel and wish them the best."

Favreau recently told MTV News that he wasn't sure what Iron Man 3 would be about, especially with The Avengers and separate films for the superhero team members on tap in the next few years.

"In theory, Iron Man 3 is going to be a sequel or continuation of Thor, Hulk, Captain America and Avengers," he told MTV News. "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."

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