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Publicly Cameron has been saying he is going to wait and see how 3 does before he announces 4 and 5. He likely has the money to self finance them, although they are expensive films, like some of the most expensive films, so it's really probably Disney or whomever who is waiting.
I think if it bombed completely, he might have paused and made some changes to the upcoming films before moving forward.
But in the long run 4 and 5 are probably getting made regardless.
That's a fair take on things. Thanks for the insight. I figure anyone who can build a submarine company and an ocean explorer vessel and some hologram data visualization system and whatever else sort of shenanigans he is up to, has a very different set of concerns around money than most of us do
Turns out I was wrong, Lightstorm Entertainment is who produces the film and owns the Avatar production technology, and that company is owned by James Cameron.
It's Fox who does the distribution, and Fox's parent company is of course Disney.
So Cameron is just waiting for it to be an actual success before announcing the sequels (although they seem to already have release dates.)
Avatar 2 & 3 shot together (or back to back) and that's the same plan for Avatar 4 & 5, so waiting a few weeks isn't really a big deal. Plus various planning is already underway, so it'll really just be an "announcement" that everyone expects.