Pacific Rim 2 on Indefinite Hold and Might Not Happen

Since Pacific Rim released to middling reviews and came no where close to recooping it’s money at the domestic box office (only doing well overseas), there have been doubts that a sequel would ever actually happen.  Before the film released, Del Toro spoke about ideas he had for a sequel, but when the film did so poorly many doubts were raised about those ideas ever hitting the big screen.  

Fans were given hope last June when Universal announced a release date for the film, confirming that a sequel was happening…But now there’s new trouble afoot.  THR has reported on some troubles brewing between the Universal and Legendary partnership (just last week Universal gave up on Kong allowing WB to step in and work with Legendary on it for some Godzilla crossover).  It’s a very interesting read, but brings about some sad news for fans of Pacific Rim

Legendary wanted to produce a sequel to del Toro’s Pacific Rim, which was made under the Warners deal and turned into one of those films that grosses a lot ($411 million worldwide) while being so costly that a follow-up isn’t a sure thing. Sources say Legendary liked that the original performed exceptionally well in China, where the company is heavily invested, but for now the project — which had been ramping up to make a release date in August 2017 — has been halted indefinitely and will be pushed back (if it gets made at all).

From what I’ve been seeing and hearing from others is that Pacific Rim 2 is more than likely cancelled and won’t be picked back up.  It’s not a good sign for it to be on indefinite hold, and with Universal still reeling from their first two films with Legendary (Blackhat and Seventh Son) being flops, it makes sense they’re hesitant to jump into an expensive project like this.  

Frankly, this doesn’t bug me at all.  While I loved the action and ideas from Pacific Rim, the execution was horribly flawed, giving us bland characters and a story I couldn’t care less about.  The film has it’s supporters, however, and this news isn’t going to make them happy.  Where do you guys stand on it?