News Corporation chairman and CEO Rupert Murdoch said during his quarterly earnings call on Tuesday that the company, which owns 20th Century Fox, is in early talks with James Cameron about a possible Avatar sequel.
Cameron “has ideas about it,” he said, adding: “We will be pushing one.” The Hollywood Reporter says Murdoch cautioned analysts not to “hold your breath for another one” in a possible reference to Cameron projects often taking a long time to come to fruition.
News Corporation deputy chairman, president and COO Chase Carey interjected that both sides want to make another movie.
Asked about the Blu-ray and DVD release, Murdoch said Avatar will be released during the company’s current fiscal year, which ends June 30. He added that it won’t be a 3D release as the technology isn’t developed enough yet. A 3D release may be possible “down the road,” Carey said.