
The initial movie earned $140 million, costing $90 million to produce. This suggests that the film didn’t turn a significant profit initially, but Lionsgate, the production company, plans to expand and develop this intellectual property (IP) with sci-fi fantasy elements that have potential for strong performance in various markets beyond theaters. These efforts aim to build long-term value for their library. While this approach carries some risk, Adam Fogelson, head of Lionsgate’s Motion Picture Group, believes The Last Witch Hunter has become a popular favorite worldwide since its release, with fans rewatching it across various platforms over the past decade. He is excited about reuniting with Vin Diesel for the sequel, as they have worked together before, and looks forward to leveraging advancements in technology to create a sequel at a lower cost but on a grander scale.