It looks like this summer's action sequel Teenage Mutant Ninja Turtles: Out of the Shadows will be the last movie in the current rebooted version of the franchise. Producer Andrew Form has discussed the impact of the film's disappointing box office performance.

Speaking to Collider, Form explained that everything was in place for the movie to follow the success of its 2014 predecessor. "From our first Super Bowl teaser to everything we launched, we felt so good about our material, and for some reason it did not find the audience that the first movie found," he said. "And we talk about it all the time, and we tried to figure it out, but we cannot put our finger on what happened. We really can't.

"It's just one of those things where we feel like we made a really great movie; we thought at the time that our release date was great, and we added all these new characters. Even before the movie came out, we were feeling great.

"And you wake up two days before the movie opens and you go, 'Wow, I don't know if this movie is tracking as well as it should.' Then you hope, and then Thursday night happens and your midnights come in and you're like, 'That's not what [the first movie] did,' and then sure enough your weekend comes and it's nowhere near what anyone thought. Before you know it, it's over."

"It's a sequel. You have to give the audience something that's really new and fresh. Maybe just adding characters from the canon wasn't enough."

Form went onto state that audiences were unlikely to see any more films in the current series. "I don't think there's Turtles 3," he said. "But I wouldn't say there's never going to be another Turtles movie."

To date Out of the Shadows has earned $245.6 million worldwide, while the first movie made $493.3 million. Megan Fox, Will Arnett, and William Fichtner starred, alongside Arrow star Stephen Amell, Laura Linney, and Tyler Perry.