According to Box Office Mojo Warner Bros. has set the Wrath of the Titans release date for March 30th 2012. Clash of the Titans was released April 2nd 2010, so it will hit roughly two years after the first film.
Wrath of the Titans will be directed by Jonathan Liebesman (Battle: Los Angeles) and will see the return of Sam Worthington as Perseus and Gemma Arterton as Io. Liam Neeson and Ralph Fiennes will also return as Zeus and Hades.
Not a lot is known about the storyline, although Neeson confirmed that the film will under-go a “whole revamping”. Dan Mazeau (worked on The Flash script for Warner Bros.) and David Johnson (Red Riding Hood) have been working alongside Green Lantern writer Greg Berlanti on the script, so it should be an improvement on the first film.
Warner Bros. intend to shoot the film in 3D this time, and have learned their lesson after the first film was criticized for the rushed 3D conversion.