Jon Favreau Signed for Iron Man 2

Deadline Hollywood Daily reports that director Jon Favreau has reached a deal with Marvel Studios to direct Iron Man 2, which is targeted for an April 30, 2010 release.

Robert Downey Jr. had a sequel clause in his contract so he’s on board. We assume that Terrence Howard and Gwyneth Paltrow will return as well.

Budgeted for about $140 million, the first film has earned a massive $563.8 million worldwide.

Source: Deadline Hollywood Daily