Steven Spielberg leaves 'Indiana Jones' franchise as director

The legendary director steps down from 'Indiana Jones' for the first time after 39 years

Steven Spielberg is taking a pass at directing "Indiana Jones 5" and is instead passing the torch to someone new after his 39-year tenure, according to Variety.

Continue Reading Below

Insiders told the publication that "Ford v Ferrari" director James Mangold may take over the new installment, though the deal hasn't been finalized. Spielberg will remain as a producer of the upcoming action-adventure, however. It is currently not known whether "Indiana Jones" co-creator George Lucas will be involved in the project.

Spielberg at the 92nd Oscars Feb. 9 at the Dolby Theatre at Hollywood & Highland Center in Hollywood. (CRAIG SJODIN via Getty Images)

DISNEY'S SEVEN $1 BILLION MOVIES KEEP ITS KINGDOM MAGICAL

Harrison Ford, 77, is set to work on "Indiana Jones 5," according to the actor's recent interview with the CBS Sunday Morning show.

The Walt Disney Company first announced "Indiana Jones 5" in 2016. Spielberg was originally meant to direct the film, however, production delays pushed its initial 2019 release date to 2020 and then again to 2021 before he finally decided to step down.

TickerSecurityLastChangeChange %
DISWALT DISNEY COMPANY101.07-0.17-0.17%

BOX OFFICE SEES 'SONIC' NARROWLY BEAT HARRISON FORD'S 'CALL OF THE WILD'

Disney execs told Variety that Spielberg's decision to remove himself was completely his decision.

Prior to his exit, Spielberg had a tight grip on the "Indiana Jones" franchise more so than his other cult franchises "Jaws" and "Jurassic Park."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Out of the four "Indiana Jones" films he’s directed, Spielberg has earned eight Oscar nominations. His last film, "Indiana Jones and the Kingdom of the Crystal Skull," raked in $790.6 million in the global box office with its 2008 release.

CLICK HERE TO READ MORE ON FOX BUSINESS

If Mangold ends up taking over, it will be the second time he has taken on a blockbuster franchise. He previously directed "X-Men's" final Wolverine movie "Logan," which marked Hugh Jackman's final appearance as the superhero and grossed $619 million globally.