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From worstpreviews, Director Jon Favreau has revealed to LA Times that work on the upcoming "Iron Man" sequel has already started, even though a formal announcement has yet to be made. "We're working on it now," he said.

The new movie is scheduled to hit theaters on April 30th, 2010 and will have Robert Downey Jr reprise the role of Iron Man/Tony Stark.

The original film was made for $140 million but ended up bringing in over $570 million in international ticket sales. In addition, "Iron Man" opened to good critic and fan reviews.