In an article at the LA Times’ Hero Complex Blog on Jon Favreau explaining his decision to direct Magic Kingdom instead of Iron Man 3, it was revealed that David Fincher will direct 20,000 Leagues Under the Sea for Disney:
While declining to make any specific comment, a Disney spokesman confirmed that Favreau and Fincher are indeed working on “Magic Kingdom” and “20,000 Leagues,” respectively. Marvel’s parent, Marvel Entertainment, was purchased this year by Disney and it will be interesting to see if the smaller outfit becomes a proving ground that leads to the more deeply funded Disney proper. It’s telling that Favreau described his departure from Marvel more like a graduation than a divorce.
Emphasis mine. Here’s a little bit of what Favreau had to say about deciding against directing Iron Man 3:
“Marvel and I both came of age together,” Favreau said. “The years that we shared were a pivotal experience. [Marvel Studios President] Kevin [Feige] has a firm grasp on the many franchises and how they all interweave and I am happy that I had the opportunity to establish the world that these characters can now play in…. ‘Iron Man’ has given me tremendous opportunities and Kevin and I are enjoying a lot of momentum in our careers thanks to the ‘Iron Man’ films. I look forward to seeing what others can do playing in the same world.”