According to The Hollywood Reporter, The Ring and The Ring Two producers Walter F. Parkes and Laurie MacDonald are returning for the third film. Naomi Watts -- the star of the first two films -- has not yet been confirmed to return.
Gutierrez gained fame as director of the 2008 Spanish-language sci-fi thriller Before The Fall (Tree Dias), which led to his hiring as director of The Crow.
Based on the 1998 Japanese film of the same name, the American version of The Ring was directed by Gore Verbinski and its sequel was helmed by the director of the original Japanese film, Hideo Nakata. The Ring and The Ring Two grossed $249.3 million and $161.5 million worldwide, respectively.
The Ring 3 has not yet been given a release date