Back in November 2011, months before the Clash of the Titans sequel Wrath of the Titans opened in theaters, Warner Bros. put Clash of the Titans 3 in development, hiring Dan Mazeau and David Johnson to write the script.

We haven't heard anything regarding the sequel since then, and, according to producer Basil Iwanyk, the project isn't moving forward at this time.

"Not at this point, but you never know. In terms of Clash of the Titans 3, it's one of those situations where we've seen it a million times; a movie will kind of float away and then come back when it's supposed to come back. You'd think that there was three and a half, four years of nonstop Clash of the Titans activity, and I think it is, 'Okay, what's the new idea? How do you make it fresh?' You know, a lot of movies have come out in that world, including Immortals and 300. So there will be a time and place where someone will come up with a great idea for it and how to make it feel different and fresh from the previous ones. Then we'll hopefully move forward on that."

Wrath of the Titans only took in $83 million domestically last year, but it did quite well overseas, with a worldwide total of $305 million, from a $150 million production budget.

Basil Iwanyk also offered an update on Gods of Egypt, which is being directed by Alex Proyas. The adventure centers on Egyptian mythology, with Gerard Butler playing Set, the god of the desert who kills his brother Osiris in cold blood. Nikolaj Coster-Waldau plays Osiris' son Horus, who teams up with a human thief (Brenton Thwaites) to avenge his father's death. Here's what Basil Iwanyk had to say about the project, which will be completely shot on green screen with production beginning March 23.

"It's like the Egyptian -- the simplest way to say it, because it's the Egyptians myths, is the world is a lot more through the eyes of Alex Proyas, so it's a lot more fantastical. We call it "Planet Egypt." We're shooting the entire thing on green screen in Sydney. But it'll be photo-real green screen, not stylized like 300. People will wonder, like, 'Where the hell did you shoot that?' And it's a lot more of an adventure movie, like The Thief of Baghdad, those old movies. Clash was a very serious movie. Gods of Egypt I think is a lot more Raiders (of the Lost Ark) and Pirates (of The Caribbean) than it is those movies. But it's an incredible world. So yeah, that goes on March 23rd."