Well, it was sadly a question of time before MGM would end up losing the film rights to Tomb Raider. Many speculated that the silence on the sequel, which was greenlighted for quite some time now, wasn’t moving forward. It seems that the window has passed and many Hollywood movie studios are after one of gaming’s most prolific heroines. Of course, 2018’s Tomb Raider star Alicia Vikander is subsequently no longer attached to the project in any way.
The previously mentioned film didn’t make a huge splash at the box office but still pulled in $275M worldwide. It was swiftly renewed for a sequel with Lovecraft Country‘s Mischa Green attached to write and direct. It seems that they are likely to reboot the franchise, producer Graham King under the GK Films banner is looking into buyers after acquiring the rights back in 2011 from Square Enix.
Tomb Raider is no longer under their umbrella and has been purchased by the Embracer group, as Square Enix just sold its entire Western division for $300M. The new owner is excited to expand its ventures into the cinematic territory but it’ll likely strongly depend on who buys the project. There is an animated series in development by Netflix, which will likely try its best to get its hands on it, especially as it fits perfectly into its IP-growing portfolio.