It was believed that director Guillermo del Toro will start work on his long-awaited sequel Pacific Rim 2 after he puts the finishing touches on his haunted house thriller Crimson Peak, which is set for release on October 16. Last week, an unconfirmed report revealed that Warner Bros. is delaying Pacific Rim 2, pushing production back from a fall 2015 start to sometime in 2016. As it turns out, that report was only half-true, with The Hollywood Reporter revealing that the sequel has been delayed indefinitely, and may even be canceled entirely.

The original Pacific Rim only made $101.8 million at the domestic box office, but performed much better internationally, taking in $309.2 million for a worldwide tally of $411 million. Unfortunately, the movie cost a whopping $190 million, and it is believed that the original movie's cost lead to uncertainty about the sequel at Legendary. Pacific Rim did "exceptional" business in China, where Legendary is heavily invested, but this report claims Pacific Rim 2 may not be worth the effort.

The studio set an August 4, 2017 release date this past spring, but if this report is true, Legendary may move a different project into that late-summer release date. Now it isn't known what director Guillermo del Toro will work on next, after Crimson Peak. The filmmaker recently parted ways on the upcoming DC Comics adaptation Justice League Dark, after the filmmaker himself hinted that he may not have time to direct that project. With Pacific Rim 2 no longer moving forward, we'll have to wait and see if he will return to Justice League Dark, or if he will start developing a different project.

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Pacific Rim 2 was said to bring back everyone who survived the original, including Jaeger pilots Raleigh Becket (Charlie Hunnam) and Mako Mori (Rinko Kikuchi), along with scientists Dr. Newton Geiszler (Charlie Day) and Gottlieb (Burn Gorman), and Ron Perlman's Hannibal Chau. Guillermo del Toro has also teased that he wants to make Pacific Rim 3 as well, but, barring some sort of miracle, that won't happen. No official plot details were revealed for Pacific Rim 2.

If Pacific Rim 2 is dead in the water, what do you think Guillermo del Toro will move on to next? Perhaps he could use this time to get the long-awaited sequel Hellboy 3 off the ground with Ron Perlman. Ironically, Guillermo del Toro revealed in a June interview that Hellboy 3 may happen, if Pacific Rim 2 is a big box office hit. Now that Pacific Rim 2 may never happen, do you think this closes the coffin on Hellboy 3?