Entertainment

MGM Loses Rights To Alicia Vikander’s Tomb Raider Sequel After Failing To Green-Light The Movie


Four years after Alicia Vikander debuted as Lara Croft in the 2018 Tomb Raider reboot, a long-planned sequel is now dead… as it stands.

MGM reportedly had until May 2022 to green-light a sequel or it would lose the rights to the popular video game franchise.

While Vikander was set to return and Misha Green (Lovecraft Country) planned to write and direct, MGM failed to green-light the sequel in May, with The Wrap now reporting that a bidding war has begun for the movie rights.

No sequel: Four years after Alicia Vikander debuted as Lara Croft in the 2018 Tomb Raider reboot, a long-planned sequel is now dead… as it stands

No green light: While Vikander was set to return and Misha Green (Lovecraft Country) was slated to write and direct, MGM failed to green-light the sequel in May, with The Wrap now reporting that there's a bidding war has started for the movie rights

No green light: While Vikander was set to return and Misha Green (Lovecraft Country) was slated to write and direct, MGM failed to green-light the sequel in May, with The Wrap now reporting that there’s a bidding war has started for the movie rights

With MGM dropping the rights, Vikander, 33, is no longer committed to returning as Lara Croft, and the property is expected to be rebooted.

Green also doesn’t seem attached to writing and directing, as the report says there are “no casting or directing commitments.”

The rights automatically went back to the video game company, so they struck a deal with producer Graham King and his King Films to represent the IP.

No return: With MGM dropping the rights, Vikander, 33, is no longer tied to return as Lara Croft, and the property is expected to be rebooted

No return: With MGM dropping the rights, Vikander, 33, is no longer tied to return as Lara Croft, and the property is expected to be rebooted

There are reportedly a number of Hollywood movie studios that have bid for the franchise rights.

The popular video game franchise first hit the big screen in 2001 with Lara Croft: Tomb Raider, starring Angelina Jolie.

The film made $274 million worldwide and was the highest-grossing video game adaptation for many years.

Angie: The hit video game franchise first hit the big screen in 2001 with Lara Croft: Tomb Raider, starring Angelina Jolie

First: The popular video game franchise first hit the big screen in 2001 with Lara Croft: Tomb Raider, starring Angelina Jolie

Number of studios: There are reportedly a number of Hollywood movie studios that have bid for the franchise rights

Number of studios: There are reportedly a number of Hollywood movie studios that have bid for the franchise rights

The 2003 sequel Lara Croft Tomb Raider: The Cradle of Life did not fare as well, earning $160 million worldwide.

The franchise was rebooted with Vikander featuring Tomb Raider from 2018.

Although the film grossed only $58.2 million at the domestic box office, it made $216.4 million from foreign markets for $274.6 million worldwide on a budget of $94 million.

Next: The 2003 sequel Lara Croft Tomb Raider: The Cradle of Life didn't do too well, making $160 million worldwide

Next: The 2003 sequel Lara Croft Tomb Raider: The Cradle of Life didn’t do too well, making $160 million worldwide

Reboot: The franchise was rebooted in 2018 with Tomb Raider, in which Vikander portrays the titular character

Reboot: The franchise was rebooted in 2018 with Tomb Raider, in which Vikander portrays the titular character

The original Tomb Raider video game was released in 1996 by Eidos Interactive, which has sold over 88 million copies to date.

In May, a company called Embracer acquired Tomb Raider developer Crystal Dynamics and all of its IP in a $300 million deal.

The company said in an earnings call that they see “great potential not only in sequels, but also in remakes, remasters, spin-offs and transmedia projects.”

First up: The original Tomb Raider video game was released in 1996 by Eidos Interactive, which has sold over 88 million copies to date

First up: The original Tomb Raider video game was released in 1996 by Eidos Interactive, which has sold over 88 million copies to date



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