James Cameron's Next Films Will Be Avatar 2 & Avatar 3

Deadline has the official press release from 20th Century Fox that James Cameron will start working on Avatar 2 and Avatar 3 which will be shot back-to-back. It's not surprising considering the first film grossed 2.8 billion that Fox/Cameron would want to return to Pandora. The films will be released December 2014 and 2015 respectfully.