The follow-up to 'The Way of Water' teases a spectacular epic that includes volcano fights, family tragedy and intense action. Fan reactions are over the top: "Yup, another billion to James Cameron."

The official logline for Avatar: Fire and Ash teases, “Jake and Neytiri’s family grapples with grief after Neteyam’s death, encountering a new, aggressive Na’vi tribe, the Ash People, who are led by the fiery Varang, as the conflict on Pandora escalates and a new moral focus emerges.”

The first trailer just dropped for James Cameron’s “Avatar: Fire and Ash”. Get a sneak peek at the movie that’s set to hit theaters Dec. 19. “Today a confluence of factors argue that the key tail risk that may not be priced in is not just a cyclical recovery, but a boom,” BofA Research analysts write.