Tuesday, June 28, 2011

Not So Fast, ‘Green Lantern’ Sequel …

Although there were some early reports that Warner Bros. had greenlit (ha!) a sequel to the financially struggling (and pretty mediocre) Green Lantern film, Warner Bros. has affirmed that another film is not necessarily a guarantee for the ring slinging superhero, according to The Hollywood Reporter.

The media outlet had previously reported that a followup to the Ryan Reynolds vehicle was a sure thing, citing a reliable source at the studio. However, a Warner Bros. spokesperson was quick to clarify to THR that a decision had not been made regarding the cinematic fate of the character.

With a reported budget of more than $200 million—and an additional estimated $200 million spent on marketing—it’s unlikely Green Lantern will be able to break even this summer at the rate it’s going. As such, Warner Bros. is completely justified in sitting on its hands for the time being.

For the full story, click here.

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