Percy Jackson & The Olympians: The Lightning Thief didn’t exactly set the box office alight when it hit screens last February, although it did earn a modest $226 million worldwide on a budget of $95 million (plus an extra $33 million on DVD/Blu-ray).
With no greenlight or mention of a sequel throughout the rest of 2010 it could have been assumed that 20th Century Fox weren’t interested in making another, however the studio has now reportedly hired a director.
From 24 Frames:
According to a source familiar with the production who asked not to be identified because of the sensitive nature of discussions, studio Fox 2000 has exercised the option on star Logan Lerman, essentially meaning that the young actor is locked down to reprise his role as Percy Jackson in a new picture. The company has also hired a director in Thor Freudenthal, best known for helming the similarly boy-oriented “Diary of a Wimpy Kid;” he’ll pick up where “Lightning Thief” director Chris Columbus left off. (Columbus will only produce this new movie.)
As Lerman will be back it is likely co-stars Brandon T. Jackson and Alexandra Daddario will be returning. The second novel by Rick Riordan follows Percy and his group of friends as they head to the titular sea to find the mythical Golden Fleece and to free a friend who has been captured there.
Scott Alexander and Larry Karaszewski, writers of Ed Wood and Agent Cody Banks, have written the script which will likely go through re-writes now a director is on-board.