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Clash of the Titans and Journey to The Center of the Earth sequels in the works

Deadline is reporting that Warner Brothers and Legendary Pictures is moving forward with a sequel to Clash of the Titans, but Louis Leterrier will not return as director. Warner Brothers is shooting for the film to be released as early as spring 2012:

Sam Worthington will return, as well as most every other character that survived. Greg Berlanti will write the story and the studio is already canvassing the agencies for a writer and director who can whip the movie into shape¬† to shoot before Worthington makes Avatar 2. Leterrier will remain peripherally involved as executive producer. It isn’t unheard of for the original director of a big hit film to drop off the sequel–Doug Liman on The Bourne Identity comes to mind–and insiders swear that the Leterrier move was harmonious and are saying he wasn’t of a mind to rush into another installment of Greek mythological mayhem. The original has grossed around $390 million, on a $120 million budget with no real gross outlay. By the time it’s done, Clash will be one of the year’s biggest hits.

In related news, Deadline reports that New Line (part of Warner Brothers) and Walden Media are moving forward with a sequel to Journey to the Center of The Earth, however star Brendan Fraser not a lock:

The reason: the studio wants to make a fall, 2011 release date which would mean hiring another director to replace Eric Brevig, who’s busy with another Warner Bros 3D film, Yogi Bear. Fraser wants to be loyal to Brevig and is resisting New Line’s suggestion of filmmakers like Brad Peyton. New Line’s alternative would be re-fashion the film around Josh Hutcherson, who played Fraser’s character’s son in the original film. Such a move would save an eight-figure star salary, but it is a major risk to go without a star to return to a film that grossed $242 million worldwide.