Paramount selling off ‘Cloverfield’ sequel to Netflix

Looks like we may just have to wait a little longer for the next sequel to Cloverfield, sorry Cloverfield fans.

According to The Hollywood Reporter, Netflix is in talks with Paramount to acquire the sci-fi movie formerly known as The God Particle.  Meaning that the film may not see a theatrical release, which was supposed to be April of this year.

Up to this point, Paramount has produced and released two Cloverfield films and both were very profitable for the company.  Cloverfield was released in 2008 and grossed over $80 Million domestically on a $25 million budget.  The next film in line, 10 Cloverfield Lane, which came out in 2016, cost even less to make and pulled in $72 million domestically.   

So, with profitability like that, why are they thinking of selling their third movie in the Cloverfield trilogy to a streaming service?

My guess is that there’s some trouble behind the scenes.

First off, the budget for this movie has nearly doubled that of the first two movies, reportedly ballooning to $40 million plus.  On top of that the release date for this film project has been moved three times!  Its original release date was for February 2017, then it was pushed to October 2017, then back even further to February 2018. Finally landing at its current April 2018 release date.

Is Paramount afraid of a box office bomb – causing them to mitigate their losses by selling off a proven, profitable, franchise to the streaming giant? It’s very possible, and I think very likely.

What do you think? Comment below and we can make it a discussion.  Are you a fan of Cloverfield? Will you still watch the movie if it finds a new home with Netflix?

Author: Kylan Riley

I am a regular person who has a burning passion for movies. For as long as I can remember I have always been a fan of watching movies, and staying up to date on movie related current events. I made Reel Movie News in the hopes of creating a community of movie fans, like myself, that love movies and want stay up to date on current events and discuss movie related topics in a safe and fun environment.

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