From a press release on the official movie website:
(Santa Monica, CA) – February 2nd, 2012 – Atlas Productions, LLC announced today that “Atlas Shrugged Part 2”, the second installment of the Atlas Shrugged movie trilogy, has been officially greenlit with principal photography to begin this coming April in Los Angeles, Colorado, and New York.
Based on Ayn Rand’s (Feb. 2 1905 – Mar. 6 1982) 1957 novel, ATLAS SHRUGGED is set in the near future when a dystopian United States finds its leading innovators, from industrialists to artists, mysteriously disappearing at an alarming rate resulting in the “stopping the motor of the world.”
Joining the production is Duncan Scott, an 8 time Emmy Award winner, who worked extensively with Rand in her editing of “We the Living.”
“Rand has long been the focus of Duncan’s work. He brings invaluable experience to the table as well as an incredible depth of knowledge regarding Atlas. We’re thrilled to have him on the team.” stated Producer John Aglialoro.
See the full announcement for much more.