For years, there have been news and updates that a sequel to 2018's Tomb Raider starring Alicia Vikander is on its way, but none of them has really come to fruition or even been given an official greenlight by the studio. Unfortunately, now, it looks like the film is no longer happening and a new reboot is coming instead from a different studio.
According to TheWrap, MGM has lost the film rights to the Tomb Raider franchise after the window has already passed to greenlight a sequel back in May. As a result, the long-gestating sequel is no longer happening and a bidding war has sparked among several Hollywood studios for the IP to do another new reboot.
Vikander is also no longer attached to reprise the role of Lara Croft since the new reboot is expected to have a completely new director and cast once another studio acquires the rights to the franchise after the ongoing bidding war.
The first Tomb Raider film had a decent box office as it earned almost $275 million worldwide from a $94 million budget. A sequel was put in development afterward with directors such as Ben Wheatley and Misha Green attached to helm the film at one point. Prior to this, Vikander has hinted that the sequel's status was in limbo as a result of Amazon's acquisition of MGM.
It is disappointing to hear that the sequel is no longer happening considering the performance of the first film and how Vikander was eager to reprise the role of Lara Croft in the sequel. It looks like we're going to expect yet again another reboot that will hopefully deliver a satisfying adaptation of the beloved video game.
It is interesting to see where the film rights of the Tomb Raider franchise will land and whether it will end up being a theatrical or streaming release. Considering that video game-based films and TV shows are currently trending, there is no doubt that a lot of studios are interested to be the home of one of the best-selling video games of all time.
Stay tuned for more news and updates on the development of the new Tomb Raider reboot.