In an official press release from the studio today, 20th Century Fox has announced that James Cameron has agreed to make his two-planned "Avatar" sequels as his next films.
Cameron will begin work on the scripts early next year with production aiming to commence later in 2011. The decision whether to shoot the films back-to-back will be made after he completes the scripts.
Despite that decision being forthcoming, Fox is already targeting December 2014 and December 2015 for the releases of the two films.
The announcement means he won't be helming the 3D "Cleopatra" he had been looking into, but shouldn't affect his work as producer on other projects like Guillermo del Toro's planned "At the Mountains of Madness" adaptation.