Avatar writer and director James Cameron has discussed the possibility of moving forward with Avatar 4 and 5 following the release of the third film, Fire and Ash, saying he must find a cheaper way to produce the movies in order to continue.
The special effects-heavy Avatar films cost a huge amount of money to produce, but they have historically made billions of dollars at the box office. 2009’s Avatar 1 remains the highest-grossing movie of all time (not adjusted for inflation), and has earned a staggering $2.9 billion across several theatrical runs. 2022’s Avatar: The Way of Water has earned $2.3 billion, meanwhile, cementing its place as the third-highest grossing film of all time.
Latest figures indicate Avatar: Fire and Ash has now grossed $1.231 billion globally after four weekends in theaters. It is trailing both its predecessors at this point in its run. After weekend four, Avatar: The Way of Water had made $1.713 billion, and Avatar had made $1.335 billion. It looks increasingly unlikely that Fire and Ash will end up matching Avatar 1 or 2 by the end of its theatrical run. But the bigger question is whether it will end up doing well enough to convince Disney to greenlight Avatar 4 and 5. Disney has given both sequels release dates already: Avatar 4 currently has a December 21, 2029 release date, with Avatar 5 due out December 19, 2031. Cameron, now 71, would be close to 80 years old by the time it all wraps up.
In a new interview with Taiwanese outlet TVBS News, Cameron stopped short of confirming whether Avatar 4 and 5 would definitely happen. But he did say Avatar 3 will need to make a lot of money, and he’ll need to figure out a way to make Avatar 4 and 5 for less money, in order to get the thumbs up from Disney.
Cameron was asked about the chances of Everything Everywhere All at Once star Michelle Yeoh appearing in future Avatar movies, which is where talk of 4 and 5 came up.
“Michelle [Yeoh] is definitely going to be in 4, if we make 4,” Cameron began. “Here’s the thing: the movie industry is depressed right now. Avatar 3 cost a lot of money. We have to do well in order to continue. We have to do well and we need to figure out how to make Avatar movies more inexpensively in order to continue.
“If we continue and we do 4, we also do 4 and 5 together. So we made 2 and 3 together, one big story. And then 4 and 5 is another big story. And Michelle will be in 4 and 5. And she will play a performance capture character. Her character name is Paktu’eylat. She will be a Na’vi.”
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Cameron’s comments here echo those he made in the run up to Fire and Ash’s release, where he admitted he was feeling nervous about the film’s box office performance and expressed concern about the “forces” working against theatrical releases in 2025. Speaking on The Town with Matthew Belloni podcast, Cameron said there was potential for “sequelitis.”
“People tend to dismiss sequels unless it’s the third Lord of the Rings film and you want to see what happens to everybody, which in my mind this is — this is the culmination of a story arc, but that may not be how the public sees it,” he said. And there’s the “one-two punch” of streaming and Covid, which means fewer people are going to the movies — 75% of the number in 2019, Cameron suggested.
When pressed on how much Avatar: Fire and Ash cost to make, Cameron wouldn’t be drawn into divulging a figure, only suggesting it was a lot of money, and so the movie will have to make a lot of money to turn a profit.
The fate of Avatar 4 and 5 is still up in the air. Photo by VCG/VCG via Getty Images.
“It is one metric f**k ton of money, which means we have to make two metric f**k tons of money to make a profit,” he said. “I have no doubt in my mind that this movie will make money. The question is, does it make enough money to justify doing it again?”
And on that point, Cameron admitted he was “absolutely” ready to walk away from Avatar if Fire and Ash flops. “I’ve been in Avatar land for 20 years,” he said. “Actually 30 years because I wrote it in ‘95, but I wasn’t working continuously on it for those first 10 years. Yeah, absolutely, sure. If this is where it ends, cool.” But what about open story threads? “There’s one open thread. I’ll write a book!” Cameron responded.
Disney has used Avengers: Doomsday teaser trailers (which, apparently, are neither teasers nor trailers) to encourage repeat viewings of Avatar: Fire and Ash in theaters. Four teasers have been released so far, with each going online after a week of theatrical exclusivity ahead of Fire and Ash.
The future of cinemagoing is top of mind as 2026 kicks off, with Netflix, which is buying Warner Bros. for $72 billion, reportedly interested in a 17-day window for theatrical releases before they hit the streaming platform. Meanwhile, box office revenue is struggling, with even Marvel movies — previously guaranteed hits — having trouble getting fans into theaters. The big question right now is, are we witnessing the beginning of the end of going to the cinema?
Hollywood legend Leonardo DiCaprio recently expressed concern about the future of cinemagoing, wondering whether it will become a niche pursuit. In an interview with The Sunday Times, the Titanic, Inception, and The Wolf of Wall Street star wondered whether “people still have the appetite” for theaters, and, if not, whether they might “become silos — like jazz bars.”
Photo by VCG/VCG via Getty Images.
Wesley is Director, News at IGN. Find him on Twitter at @wyp100. You can reach Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.