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King of the Box Office James Cameron Talks Avatar 2

James Cameron, Avatar Mark Fellman/Twentieth Century Fox

The numbers don't lie—moviegoers are loving Avatar just as much as the Hollywood Foreign Press.

So it would stand to reason that a sequel to James Cameron's opus is in the works, right?

Right.

"We always planned on continuing the world and continuing the characters," the director told E! News at the Producers Guild of America Awards Sunday night. "In fact, that was part of the original pitch to 20th Century Fox."

All the necessary elements, he says, are already in place.

"We're going to spend a lot of money building this world and all these digital characters and digital plants and trees and mountains and so on, and then once we've got it, we've got it. It's not like it's a practical set that when you build it, you have to tear it down and you're left with a big pile of lumber out behind the studio. We have all that stuff so we can go again."

But don't start lining up at the theaters just yet. There's a long way to go before Zoe Saldana and Sam Worthington turn blue again.

"We just have to come up with a great story, which we haven't done yet," Cameron says. "I have a rough story, but you need to make a script, so that might take some time. Don't start going to buy your tickets."

So, since he's already topped himself once, is he aiming to do it again?

"Oh yeah, we have a plan in place already for how to break these records," he says sarcastically. "Are you kidding?! This is so random that this is happening. There's no way to have predicted this."

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Find out how Cameron and Avatar fared last night at the PGA Awards right here.

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