Paramount Pictures has removed the sequel to Terminator Genisys from their release schedule. The film had been slated to open May 19, 2017.

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The studio has replaced the Terminator sequel with Baywatch, a feature film comedy revamp of the TV series that will star Dwayne Johnson, Zac Efron, and Alexandra Daddario."The news about Terminator isn't a shock, considering that Terminator: Genisys was widely viewed as a disappointment," as THR points out. "Genisys, opening in summer 2015, earned roughly $440 million worldwide, including only $89 million in North America."Terminator Genisys production company Skydance initially planned for two sequels with a third Terminator film scheduled for a June, 29, 2018, release. Whether or not Skydance and Paramount will still move forward with another Terminator movie now remains to be seen.Despite the film's good performance in China, Skydance subsequently pumped the brakes on the second installment to do some " re-adjusting ," as Skydance Media Chief Creative Officer Dana Goldberg put it last October.“We’re ultimately happy with overall worldwide numbers. Do I wish we would have done better domestically? Absolutely,” said Goldberg at the time. She also stated that a sequel would move forward, but they “are not going to begin production at the beginning of next year, because again, it would be silly to not have to worry about what audiences have to say.”