According to Teenage Mutant Ninja Turtles: Out of the Shadows producer Andrew Form, a third installment in the current rebooted TMNT saga is not on the table. Part of the problem, says Form, is that the team can’t figure out why Teenage Mutant Ninja Turtles: Out of the Shadows couldn’t seem to capture the box office magic of its predecessor.
In an interview with Collider, Form stated:
“We were obviously surprised at the box office results. We loved the movie. We loved making the movie. From our first Super Bowl teaser to everything we launched, we felt so good about our material and for some reason it did not find the audience that the first movie found. And we talk about it all the time and we tried to figure it out, but we cannot put our finger on what happened. We really can’t. It’s just one of those things where we feel like we made a really great movie; we thought at the time that our release date was great, and we added all these new characters…
“Even before the movie came out, we were feeling great. And you wake up two days before the movie opens and you go, ‘Wow, I don’t know if this movie is tracking as well as it should.’ Then you hope, and then Thursday night happens and your midnights come in and you’re like, ‘That’s not what Movie 1 did,’ and then sure enough your weekend comes and it’s nowhere near what anyone thought, and it’s nowhere near Movie 1, and, before you know it, it’s over. We’re still so proud of the movie; it just didn’t find an audience. We really don’t know why.”
The painful process of realizing that the sequel to 2014’s Teenage Mutant Ninja Turtles had flopped is a part of why there won’t be a third movie - at least in this incarnation of the beloved franchise.
"I don't think there's Turtles 3 ," Form said. "But I wouldn't say there's never going to be another Turtles movie."
Out of the Shadows has earned $245.6 million globally in comparison to the first film’s $493.3 million.
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