Following the reports that Pacific Rim 2 was on ‘indefinite hiatus,’ director Guillermo Del Toro was quick to assure fans that as far as he was concerned, the sequel was still moving ahead. However, 
 the project is faced with another setback as Universal have officially taken Pacific Rim 2 off their release schedule. 

In a statement from Universal, no specific details were given, and they haven't implicitly said that the movie won’t happen.  

“Legendary’s ‘Pacific Rim 2,’ originally scheduled for release on August 4, 2017, will be re-dated at a later time. filmmakers, Legendary and Universal Pictures are committed to having ‘Pacific Rim 2,’ the sequel to 2013’s ‘Pacific Rim,’ which generated more $411 million at the global box office, be the vanguard, fully-immersive experience that the franchise deserves. To this end, the decision was made to delay the production and release of ‘Pacific Rim’ so that the creative team can continue in its efforts to exceed the amazing experience of the first film.”

The other explanation for the decision might well be down to the bumper box office haul Universal achieved this year. Every studio needs viable franchises to survive in today's modern world, but Pacific Rim was far from a home run from Universal. Taking $101 million during its run it the US, it was the international takings (fueled by China) that pushed Pacific Rim into profit. Costing at least $190 million to produce, Universal narrowly escaped losing money on the first one. 

To be fair, would it be such a bad thing if Pacific Rim 2 didn’t happen? I’m a massive fan of Guillermo Del Toro and will always be excited by what he does next, but the only sequel I want to see from him is Hellboy 3. Pacific Rim was a hoot, at times incoherent, but that didn’t get in my way of enjoying the heck out of the end results. We’ve had Godzilla; King Kong is making a comeback on Skull Island, and there’s a Kong vs. Godzilla monster mash in the works. Is there room for another giant things fighting other giant things franchise? 

Taking the vacant release slot will be Pitch Perfect 3, moving from July 21, 2017, the musical comedy will now debut two weeks later on August 4th. Time will tell if Pacific Rim 2 gets rescheduled or committed to the vaults, but del Toro’s highly anticipated The Crimson Peak arrives in cinemas on October 16.