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Monday, June 27, 2011

Warner Bros. Possibly Eyeing 'Green Lantern' Sequel

Ryan Reynolds may wear the ring again after all.

The Hollywood Reporter reported on Sunday that Warner Bros. remains bullish on a sequel to Green Lantern. This is surprising since the film has performed lower that the expectations of the studio, which is sitting on a veritable treasure trove of DC Comics properties (Warner Bros. is the parent company of the publisher).

I cannot think of a film that has underperformed as significantly as Green Lantern and has gotten the go ahead for a sequel. I recall talk of a Godzilla (1998) sequel since its worldwide earnings were significant enough to warrant another go round for the giant lizard, but that follow-up never materialized.

Green Lantern’s worldwide total comes to $118,711 million—still a far cry from its projected $200 million budget (which is rumored to actually soar an additional $100 million when factoring in the film’s marketing). According to the trade, Green Lantern’s box-office dropped a sizeable 66 percent. I think this is even more significant because the film wasn’t vying for the same audiences as this weekend’s other two major releases: Cars 2 and Bad Teacher. However, it will be when Transformers: Dark of the Moon is released midweek.

It’s still too early to tell if Warner Bros. will indeed go through with a Green Lantern sequel, but if they do I certainly hope they pick apart the first film and figure out what worked and what didn’t.

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