Breaking news: It was just announced on the Walt Disney Investors Conference Call that Joss Whedon will return for The Avengers sequel. Whedon is signed to both write and direct the upcoming sequel. Disney confirmed that Whedon is also involved in the development of the previously-rumored long-lead ABC live-action television series which will be set inside the Marvel cinematic universe.

Whedon had previously said that he was “very torn” about coming back:

“It’s an enormous amount of work telling what is ultimately somebody else’s story, even though I feel like I did get to put myself into it. But at the same time, I have a bunch of ideas, and they all seem really cool.”

Marvel is notoriously cheap when it comes to contracts, so some fans were worried that a deal wouldn’t be made. I think everyone will be excited that Whedon is back for the next one. If I were Kevin Feige I would secure Whedon to a long term contract as an executive producer, overseeing the marvel universe on a Pixar braintrust-level. The Avengers is being tentatively planned for a Summer 2015 release, although Disney and Marvel have not formally announced a date. If that is still the plan, expect filming to begin in early 2014 (April is my bet).

We have no more details about the series, but fans have speculated that it will probably center around SHIELD and possibly introduce third/fourth tier Marvel superheros to the masses.