From the Los Angeles Times
Atlas Shrugged: The Trilogy is still alive. The producers of the Ayn Rand adaptation will bring the first part of their planned series to home-entertainment platforms this fall, courtesy of a deal with 20th Century Fox, and expect to begin production on "Atlas Shrugged: Part 2" in September. They hope to bring the new film to theaters during the 2012 election season.
"Atlas Shrugged: Part 1," the low-budget adaptation of the first third of Rand's dystopian novel, grossed $4.6 million during its five-week theatrical run this spring. After the film drew scathing reviews, producer John Aglialoro said he was reconsidering whether to move forward with two sequels.
Now Aglialoro has resumed those efforts, according to producer Harmon Kaslow, and will devote all revenue from the release of "Atlas Shrugged: Part 1" to financing "Atlas Shrugged: Part 2."
"John has a much clearer perspective," Kaslow told 24 Frames. "He’s always wanted to have a studio level support for the film and I think feels that his effort in producing Part 1 has been validated by having the largest home video distributor in America aboard."
One of the things I am constantly is asked is what I thought of AS:Part 1 and if there will be a sequel. If you are interested then this article is a must read.The producers are retaining the home entertainment rights, but are paying a distribution fee to Fox to release the film on DVD, Blu-Ray, digital download and video on demand, according to Kaslow. He said the deal was born of strategy, not necessity.