Contrary to rumors that Nick Cassavetes was signed to direct Iron Man, New Line has yet to officially sign him.
Nick Cassavetes is in post production of "Alpha Dog", however, he is working on a rewrite of the Iron Man script by Alfred Gough and Miles Millar, and David Hayter.
New Line remains committed to making the film and Cassavetes is still in the running to direct. But with no director yet signed and casting yet to begin, the studio has decided to delay the film's release from 2006 to 2007.
Avi Arad, Marvel Studios movie chief had this to say during a conference call yesterday - "We want Nick to make the movie. We had him. He's an 'Iron Man' aficionado. Everything was fine and then negotiations got delayed. We lost a year."