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Warner Bros. is currently in the process of developing a third "Clash of the Titans" film.
Even thought the second on the franchise, "Wrath of the Titans", will be released in 5 months, the studio is wasting no time laying out a plot for the third. It is said that it will see a return of Perseus as well as a "sidekick" of sorts, Agenor.
"Wrath of the Titans" is slated for a March 30, 2012 release.
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