The next Tomb Raider film has fallen apart, and movie studios are at war for the rights

MGM has lost the rights to make Tomb Raider films after a planned sequel to the 2018 film collapsed, and multiple Hollywood studios are now engaged in a bidding war over the licence, per a report by The Wrap (opens in new tab).

MGM would have needed to formally commit to the sequel by May this year if it wanted to keep its hold on the movie rights for Tomb Raider, but it let the opportunity slip by. Given that rumours suggest the 2018 Tomb Raider film—which grossed around $274 million worldwide (opens in new tab)—failed to earn what it needed to break even, it’s not hard to guess why MGM wasn’t tripping over itself to make a sequel.

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