James Cameron is set to make three sequels to 2009's Blockbuster "Avatar".
Fox Studios says they will be released in 2016, 2017 and 2018, with filming beginning simultaneously on all three in 2014.
The original Avatar is still, to date, the highest grossing movie of all time -having made almost $US2.8 billion at the box office worldwide.
Variety is reporting that the budget for the sequels could be as high as $US1 billion, signaling that director James Cameron has the full support of Fox Studios.
Fox Film Chairman & Chief Executive Officer Jim Gianopulos said in a statement:
"We at the studio have no higher priority, and can feel no greater joy, than enabling Jim to continue and expand his vision of the world of Avatar."
Though Cameron originally only set out to create only two sequels, he soon realized that his story is too rich to compress into two films.
"In writing the new films, I've come to realize that Avatar's world, story and characters have become even richer than I anticipated, and it became apparent that two films would not be enough to capture everything I wanted to put on screen," Cameron said.
2009's Avatar starred Aussie Sam Worthington, Zoe Saldana and Sigourney Weaver. Worthington is expected to return in the sequels.
Worthington was Australians in Film's 2009 Breakthrough Award recipient. James Cameron attended the event to present him with the award at an exclusive ceremony held at The Roosevelt.
Fun Fact: The top two grossing films of all time were written and directed by James Cameron. 1) Avatar 2) Titanic