News Corp. in early talks for ‘Avatar’ sequel

Went to see Avatar recently in Full 3D HD with my son. To me it was a fantastic experience. The Hi-Res 3D movie experience brings new levels to what to expect at the movies (in my opinion). Therefore, it’s with great optimism I read yesterday’s announcement at the Hollywood Reporter;

Asked about potential “Avatar” sequels, chairman and CEO Rupert Murdoch said on his quarterly earnings call Tuesday that the conglomerate is in “very early talks about it.” Director James Cameron “has ideas” for a sequel, he said, adding: “We will be pushing for one.”

But he cautioned analysts not to “hold your breath for an early one” in a possible reference to Cameron projects often taking a long time to come to fruition.

News Corp. deputy chairman, president and COO Chase Carey interjected that both sides want to make another movie. “We certainly both intend to have one,” he said.

The executives said financing of a sequel like of any movies these days would be key as News Corp. likes to lay off risk, especially since Cameron films tend to go over budget. But given the success of “Avatar,” financing details could come together.

Full story to be found here: www.hollywoodreporter.com

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