It seems there was much ado over nothing. According to Deadline Hollywood, Iron Man director Jon Favreau has inked a deal to direct the sequel, Iron Man 2.

It was reported last month that Favreau and Marvel had a dispute over salary and that he might not be coming back to direct the sequel, but apparently those matters have been cleared up. Star Robert Downey Jr. will be reprising his role as Tony Stark, due to a sequel clause in his contract. No word yet whether Gwenyth Paltrow or Terrence Howard will reprise their roles in the sequel as well.

Iron Man 2 is currently set for an April 30, 2010 release.

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