Washington, May 17 -- Filmmaker James Cameron has shared a fresh update on the future of the blockbuster 'Avatar' franchise, revealing that the next two planned films are still in development as he explores ways to reduce production time and costs.

According to Deadline, the three-time Oscar winner in a recent interview said that the upcoming installments, 'Avatar 4' and 'Avatar 5', remain part of his long-term plans following 'Avatar: Fire and Ash.'

"After that, I'm like Roadrunner going off a cliff," Cameron said while discussing his schedule after Billie Eilish 'Hit Me Hard and Soft: The Tour (Live in 3D)', adding, "I'll be doing some writing, I've got a number of projects I'm cooking. And Avatar 4 and 5 are still floating out there....