Logan Lerman

Percy Jackson and the Olympians: The Lightning Thief was a moderate success for Fox 2000, making about $226 million worldwide on a $95 million budget (though most of that money came from overseas). The film was always intended to kick off a tentpole franchise for Fox 2000, so it’s not really surprising to hear that the studio is adapting the second book in author Rick Riordan’s five-volume series into a movie.

The LA Times’ 24 Frames has an insider claiming that Percy Jackson and the Olympians: The Sea of Monsters is going into “active development,” and could even start shooting as soon as this summer.