Well: The Sea of Monsters has been given the green light for... PRODUCTION!
It is currently in development by Fox 2000 pictures, and it will start filming as early as this summer. See my question in the pop quiz, if you haven't already.
The studio, however, has signed up Scott Alexander and Larry Karaszewski to adapt the book for the film. Whew, new playwrights!
Obviously, it will be titled 'The Sea of Monsters'.
Director of The Lightning Thief, Chris Columbus, is not expected to step behind the camera again, but he will remain on board as producer.
Logan Lerman, starring Percy Jackson, Alexandra Daddario, starring Annabeth Chase, and the other actors are expected to come back as well.