According to Deadline.com, the director whose latest work was the poorly received "John Carter" has confirmed he will be taking charge of  "Finding Nemo 2."

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Back in May, Stanton had told attendees at the Los Angeles Times Hero Complex Film Festival that he'd be interested in directing a sequel to the blockbuster Pixar film.
"I’m sure you’ll see some other sequels of things as they grow because now we are not so blinded," Stanton was quoted as saying at the Hero Complex Film Festival. "It’s the originals that keep us really going and it’s the sequels that are like comfort food, and I think it’s the same way for the audience."
"Finding Nemo" was a smash with audiences and critics, earning over $867 million worldwide; it's routinely hailed as one of the best Pixar films. The filmed was voiced by the likes of Ellen DeGeneres and Albert Brooks, although its not revealed if they'd return for part two.

So far, Pixar hasn't confirmed the news. As Deadline.com's Mike Fleming wrote, "Pixar continues to not be helpful on this, as they don’t comment on development."