The Green Hornet is still set to hit theaters nationwide on December 22, although it seems the studio isn't happy with the product thus far. IESB.net is reporting from sources that Sony Pictures are, "displeased with the results" of the film, which has already wrapped production. Here's an excerpt from the site's article.

The tone is too campy, they're not happy with the work from director Michel Gondry and Seth Rogen does not look the part. At all. In fact, the feeling at Sony is the movie is a disaster.
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The site is also reporting that another comic book adaptation, Lobo, "won't be happening anytime soon." We reported back in January that director Guy Ritchie had abandoned the project to take on the fast-tracked sequel Sherlock Holmes 2. The site is now reporting that Warner Bros. is losing faith in producer Akiva Goldsman, which the site says is, "a direct result of their not-so-hot reaction to The Losers and especially Jonah Hex."

We'll be sure to keep you posted on any and all news regarding both The Green Hornet and Lobo as soon as we have more information.