Iron Man 3 is an upcoming American superhero film featuring the Marvel Comics character Iron Man, produced by Marvel Studios and distributed by Walt Disney Pictures.It will be the sequel to Iron Man and Iron Man 2 and will be the seventh installment in the Marvel Cinematic Universe, being the first major release in that franchise since the crossover film The Avengers. Shane Black is set to direct a screenplay by himself and Drew Pearce, which will be based on the "Extremis" story arc by Warren Ellis. Jon Favreau, who directed the first two films, serves as executive producer, along with Kevin Feige.Robert Downey, Jr. reprises his role as Tony Stark, with Gwyneth Paltrow, Don Cheadle and Favreau reprising their roles as Pepper Potts, James Rhodes and Happy Hogan, respectively. Guy Pearce, Rebecca Hall, Stephanie Szostak, James Badge Dale and Ben Kingsley round out the film's principal cast.After the release of Iron Man 2, The Walt Disney Company, Marvel Entertainment's new corporate parent, agreed to pay Paramount Pictures, the distributor of the first two Iron Man films, $115 million for the worldwide distribution rights to both Iron Man 3 and The Avengers. Favreau decided not to return as director, and in February 2011 Black was hired as the film's director. Throughout April and May 2012, the film's supporting cast was filled out, with Kingsley, Pearce, and Hall brought in to portray key roles. Filming began on May 23, 2012 and it was shot primarily in North Carolina, with additional filming scheduled to take place in Florida and China. Iron Man 3 is scheduled to be released on May 3, 2013, and the film will be converted to 3D in post-production.