Following a weak box office for The Mortal Instruments: City of Bones, Constantin Film has decided to delay the already greenlit sequel City of Ashes.
Sources tell The Wrap that City of Ashes may be canceled all together. In a press release, Constantin says that the decision to “postpone the start of principal photography” was made so they can “analyze the results to date and reposition the franchise in order to maximize the results for future installments.”
Since its August 21 opening, City of Bones has made $37 million worldwide (Update: Constantin claims Box Office Mojo is wrong and the film has actually made over $70 million). With a budget of $60 million and the added promotional costs of which there were many because the cast embarked on a world tour, Sony and Constantin ended up with a loss on their hands.