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. Continue reading “Paramount selling off ‘Cloverfield’ sequel to Netflix”