Downey will play the title character in "Iron Man," a film directed by Jon Favreau. Filming is scheduled to begin in February, with the movie due in theaters in May 2008. It will be the first feature film produced independently by Marvel Entertainment.
"(Downey's) versatility sets him apart and makes him an ideal fit to play such a complex character as Iron Man," said Kevin Feige, president of production for Marvel Studios.
"Iron Man" is the story of billionaire industrialist and inventor Tony Stark, who is kidnapped and forced to build a devastating weapon. Instead, he builds a high-tech suit of armor and escapes, vowing to protect the world as a superhero.
Downey most recently starred in Richard Linklater's adaptation of Philip K. Dick's "A Scanner Darkly," and can be seen in "A Guide to Recognizing Your Saints," currently in theaters.
"Iron Man" will be distributed by Paramount Pictures.Click Here for the Movies Center