May 25th, 2012
11:45 AM ET
Updated at 12:25 p.m. ET: CNN has confirmed that Jon Favreau will return for "Iron Man 3" as the film's executive producer. He'll also reprise the role of Happy Hogan.
Jon Favreau will suit up for "Iron Man 3," but don’t look for him in the director’s chair.
According to The Hollywood Reporter, Favreau has signed on to play Tony Stark's bodyguard “Happy Hogan" - the role he played in both "Iron Man" and "Iron Man 2," which he also directed.
However, it's Shane Black (“Kiss Kiss Bang Bang”) who will reportedly direct the franchise's third flick.
Sources tell the publication that shooting began on Wednesday in North Carolina.
We're not yet sure why Marvel made the switch, but it’s probably safe to say there’s no bad blood between Favreau and the studio considering he’s still involved in the threequel.
The flick is due out in 2013.
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