UPDATE: Due to the current global coronavirus pandemic, Disney has been shuffling the release dates for a number of their upcoming films. Doctor Strange in the Multiverse of Madness has been pushed back to November 5, 2021.
SOURCE: The Wrap
UPDATE: Director Sam Raimi is officially in talks to direct Doctor Strange in the Multiverse of Madness. No stranger to the Marvel universe, Raimi is the man behind the original Spider-Man trilogy starring Tobey Maguire.
Benedict Wong (Gemini Man) and Chiwetel Ejiofor (The Lion King) are expected to reprise their roles from the original film as sorcerer Wong and Karl Mordo. However, Rachel McAdams will not be returning as Strange’s colleague Christine Palmer.
UPDATE: Director Scott Derrickson has exited the sequel due to “creative differences.”
Marvel and I have mutually agreed to part ways on Doctor Strange: In the Multiverse of Madness due to creative differences. I am thankful for our collaboration and will remain on as EP.— N O S ⋊ Ɔ I ᴚ ᴚ Ǝ ᗡ ⊥ ⊥ O Ɔ S (@scottderrickson) January 10, 2020
Production is still set to start in May with no delays so a replacement is now underway.
Marvel Studios head honcho Kevin Feige introduced the second film in the Doctor Strange franchise, Doctor Strange in the Multiverse of Madness, and called the director, Scott Derrickson, and star Benedict Cumberbatch to the stage to a rousing welcome.
In a surprise twist, Feige brought out Elizabeth Olsen, who also stars in Doctor Strange in the Multiverse of Madness, and they talked about how WandaVision—the Disney+ series that Olsen will star in as Wanda Maximoff/Scarlet Witch—connects directly to the feature-film storyline.
Doctor Strange in the Multiverse of Madness hits theaters on May 7, 2021.