At the 25th anniversary of the Santa Barbara Film Festival, James Cameron was given the Lucky Brand Modern Master Award, which was established in 1995 to honor an individual who has enhanced our culture through cinema.

It is considered to be the highest award presented at the festival and past recipients include Clint Eastwood, Peter Jackson, George Clooney and Will Smith.

CS was at the event and talked briefly to Cameron on the red carpet about sequels to Avatar, which has now earned $2.210 billion worldwide. While he wouldn't give up much, he did allude to the fact there could be a third film, if not more.

CS When you started writing the script for "Avatar" 15 years ago, did you have a vision for where the sequels would go?

James Cameron: No, but a lot of ideas for the sequels kind of evolved out of writing the story for "Avatar." Anything that we designed, ideas that we had, if we couldn't figure out how to put them in the movie we said "We'll stick it in the sequel," so we have a big backlog of ideas.

CS: How many sequels will there be?

Cameron: I don't know.

CS: Do you know where the story is going for the next film?

Cameron: Yeah, I definitely have a story arc in mind for the second film and even on a very vague base for a third film. That doesn't mean we'll do a third film - it doesn't mean we'll stop at a third film. We'll just have to see where it goes.

CS: Will the sequel be the next movie you do or will it be another project?

Cameron: That hasn't been decided yet.