At a Tuesday night reception in New York City, director James Cameron confirmed the buzz that he’s writing a novel based on the story of his box-office-record-setting film, “Avatar.” And he believes the book may, in some respects, be even more successful than his movies have been. Why?

“There are things you can do in books that you can’t do with films,” Cameron explained.

The director said he first thought of penning the “Avatar” novel during filming of the breakthrough film: “I told myself, if it made money, I’d write a book.” “Avatar,” of course, did make money. A lot of it. At last count it had made more than $2.3 billion worldwide.

Cameron said the book will go into much greater detail about the worlds and “interior monologues” of the characters he created.

Before Cameron clarified his plans the Internet had been ablaze with rumors of an “Avatar” book based on comments made by “Avatar” producer Jon Landau. The producer also hinted that the story of Pandora and its blue-skinned people will also have a sequel – or sequels, plural.

“Jim’s going to write a novel himself, based on Avatar,” Landau revealed to MTV, saying that Cameron’s vision of the book  “is a big, epic, story that fills in a lot of things that we won’t have time to do in the movie; maybe even in sequels.”

Landau continued: “I think it would be something that leads up to telling the story of the movie, but would go into much greater depth of all the stories that we didn’t have time to deal with.”

Cameron himself, in a January interview with MTV, discussed the possibility of a sequel. “I have a trilogy-scaled arc of story right now, but I haven’t really put any serious work into writing a script.”

For the miniscule number of you who haven’t yet seen “Avatar,” the film takes place on the aforementioned Pandora, which is a moon that orbits a gas planet, Polyphemus. Until the news of a prequel, speculation has focused on sequels that could take place on the other moons that orbit the gas giant.

Material supply from Yahoo Movies