Having both directed and acted in Iron Man and Iron Man 2, Favreau is a fairly familiar fixture in the Marvel Cinematic Universe. The director opted, however, to turn down Iron Man 3 in favor of other projects, not least of which was the financially and critically-successful The Jungle Book.
Now, it appears that the man who played Happy Hogan is ready to revisit to the Marvel franchise, although he is cautious about directing another film set in that universe:
Asked whether or not he intends to direct a superhero movie again in the near future, Favreau wouldn’t commit, saying only: “I’ve spent a big chunk of my career working on that already. All new titles are coming out now. I’m actually surprised I don’t feel that way about The Jungle Book already, but with Iron Man, I’d done two back to back. My time was completely monopolised for those years and I wanted allowed to explore other things. Part of the fun of having a successful movie is you get a lot of say on what your next project is. Sometimes you want to leave yourself open to other opportunities instead of another four or five years maybe working on that franchise.”
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