It was thought for a while that new Iron Man 3 director Shane Black might also write the screenplay for this upcoming Marvel sequel. But Marvel Studios has now hired Drew Pearce to pen the further adventures of Tony Stark.

Robert Downey Jr. is set to reprise his role as Tony Stark sometime after he shoots The Avengers. No story details have been released at this time. Drew Pearce was hired to write the sequel after penning the latest draft of Runaways for Marvel, which centers on a group of super powered teenagers who discover their parents are evil villains.

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Drew Pearce will work closely with Shane Black in concocting this next tale. Marvel is saying that the story will be written from scratch, hinting that it is a "reboot". So, now they are rebooting another series that people like while they are in the midst of their franchise. Does this make sense to anyone else?