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Warner Brothers moving forward with Green Lantern sequel

Despite a soft opening weekend and weaker than expected domestic and foreign grosses since then, Warner Brothers says they plan to develop a sequel to the Ryan Reynolds-starrer / Martin Campbell-directed superhero film Green Lantern.

Green Lantern debuted last weekend to $53.2M (expectations were for a stronger $60-65M) and fell by more than 65% this weekend to an estimated $18.35M. The 10-day domestic cume stands at $89.311M (est. $118.711M worldwide). With a budget of $200M (and marketing costs rumored at $100M), the film has a ways to go before it becomes profitable for the studio. The quote THR got from WB is that they’re “somewhat disappointed” by its performance thus far.

But WB is likely looking at the project as more of an investment and are willing to settle for a sub-par performance for what is an important DC Comics property. After all, a writer was hired for the sequel last August when the first film wrapped production.

Source: THR