It took two months to agree on terms, but in July 2008, Favreau agreed to direct the sequel. Downey also signed up after renegotiating his contract. He had played Tony Stark in the first movie at a discount rate for action-movie leading men, reportedly earning around $500,000, but he got a vastly improved payday on Iron Man 2, in the neighborhood of ten million dollars, and negotiated even more money for Iron Man 3. More significantly, he committed to an Avengers movie in exchange for another ten million dollars plus a healthy slice of the profits, which would turn out to be a brilliant move.
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