Sometime in the past month or so, we reported that all was set for the third installment in the Tron franchise. It seems Walt Disney have had a change of mind, as The Hollywood Reporter is now reporting that Tron 3 will not be happening.
No reasons are known at this point for the cancellation, but the movie has been caught in limbo for a very long time, so the move really isn’t coming as a surprise (to me at least).
The earliest reports of a follow-up to Tron: Legacy, surfaced in October 2010, when Steven Lisberger stated that there was plan for a Tron 3 and the writers were in the early stage of producing a script for the new film. Those reports also stated that both Garrett Hedlund and Olivia Wilde were set to reprise their lead roles as Sam Flynn and Quorra, while Tron: Legacy director, Joseph Kosinski was set to direct.
The new Tron was expected to be titled Tron: Ascension, and was expected to start filming in October 2015, but it seems all that is history now. However it won’t come as a surprise if Walt Disney decides to bring back the franchise in another three or four years (probably with a new set of casts and crew).
The first Tron installment released in 1982 was a major box office disappointment, but it was able to gather a cult following, which was perhaps why it got a sequel in 2010. The sequel however, did very well at the box office, earning more than $400million (more than twice its budget). The Box Office success of Tron: Legacy is enough reason why I think there’s still another Tron movie in the near future.