In case you missed it, MGM has lost the film rights to Tomb Raider after letting the property expire under the IP. Per The Wrap, the rights elapsed because MGM could not greenlight a follow-up to the 2018 reboot featuring Alicia Vikander.
Per the agreement, MGM had until May to put a sequel into production. Still, it couldn’t do so, leading to the property now being in a bidding war with “a host of Hollywood movie studios are in the mix and put in bids.” Even the Hollywood Reporter has stated it is a “feeding frenzy,” as the rights have now reverted back to GK Films and producer Graham King.
We know that a follow-up was planned with Misha Green (Lovecraft Country) being at the helm as director and Vikander ready to return as Lara Croft. The star of the Tomb Raider reboot spoke about the sequel recently saying “With the MGM and Amazon buyout, I have no clue. Now it’s kind of politics,” Vikander said. “I think Misha and I have been ready, so it’s kind of in somebody else’s hands, to be honest.”
With Vikander no longer the star, it looks like whoever picks up the rights from MGM will now need to recast Lara Croft. Of course, we could always be surprised and see Vikander once again dive into the role given she was more than ready to return and play the character.
Given the 2018 reboot made $274.7 million on a budget of $94 million, the new iteration is considered a success. I’d be more than thrilled to see a follow-up even if the reboot masterfully repurposed the video game reboot from 2013 as a soulless tie-in five years later. Vikander was a great Croft, but the writing didn’t do her justice in the role.