Verbinski told the trade: "I had a fantastic time bringing 'Pirates' to life, and I am eternally grateful to Jerry, Johnny and the rest of the creative and production team. I'm looking forward to all of us crossing paths again in the future."
Instead, Verbinski will focus on his adaptation of the bestselling video game BioShock for Universal Pictures, which is expected to start production in 2010 based on a script by John Logan.
Next up for Verbinski is the Paramount animated film Rango, also written by Logan, which is due for release on March 18, 2011. The filmmaker is also developing a new live action movie based on the Hasbro board game Clue, written by Steven Knight.
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