It looks like they're finally giving up on those Terminator sequels

Paramount has dropped the sequel referred to as 'Terminator 2' from its release schedule.

The Terminator. Could this be your future financial advisor?

This is the exact measure of how bad last year's Terminator: Genisys was. In short, it was 'oops, you just killed the franchise' bad. 

Paramount Pictures have announced they've dropped the sequel so far referred to as Terminator 2 from the schedule, intended as a direct sequel to last year's Genisys. Slated for 19 May 2017, its place has now been taken by the studio's Baywatch movie. You got slammed by Baywatch, guys; that's not cool to watch. 

That's especially the case when Paramount felt confident enough, 10 months before Genisys's actual release, to land release dates for both Terminator 2 and a further Terminator 3 in 2018. Add to that the fact the rights were originally acquired at auction by Megan Ellison's Annapurna Pictures for a cool $20M back in 2011. Ouch. Disney must be somewhere sitting atop of a giant pile of Marvel and Star Wars merchandise, quietly laughing into the night.  

That said, its fate was sealed long back, when Genisys' theatrical release returned less than $90M in the US; even though it saw the return of Arnold Schwarzenegger to his most iconic role.

Fans will likely now have to wait until 2019, when the rights to the franchise revert back to series creator James Cameron. It will then just be a matter of whether he'll have any interest in revisiting the series when he'll be in the midst of creating all those endless Avatar sequels.