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Fox developing Percy Jackson sequel

Fox 2000 has begun work on a follow-up to the 2010 film Percy Jackson and the Olympians: The Lightning Theif. The sequel, subtitled “The Sea of Monsters”, will be based on the second book in Rick Riordan’s five-book series [via 24 Frames | LA Times]:

The studio has hired Scott Alexander and Larry Karaszewski — who wrote “Ed Wood” and “Agent Cody Banks” — to write a script for the new film, which they are currently doing. But the person cautioned that the project is still very much at the development phase; the movie, for instance, does not yet have a director.

Chris Columbus will produce the film, but will not return as director. Lead cast members, including Logan Lerman (Percy Jackson), will all be back for the sequel.