Tomb Raider Reboot in the Works, Alicia Vikander out as Lara Croft

MGM has lost the rights to Tomb Raider franchise, is setting off a massive bidding war for the video game franchise’s film and television rights that has a host of companies interested.

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According to a report from TheWrap late last weekMGM had until May to greenlight a sequel for 2018 Tomb Raider film in an attempt to retain the rights to the franchise. They didn’t, vacating the rights and essentially setting off a chain reaction that has seen many of the biggest studios in the world look to snap up the rights, though no official names have been named yet.

The news that the rights have been lost also means that the 2018 film now officially stands as a solo film with no plans for a sequel. Quite the opposite actually, as TheWrap mentioned that Alicia Vikander is now no longer attached Tomb Raider series, and a “complete reboot” for the franchise is likely to happen when a studio lands the rights to make a movie on the IP.

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This news comes just a week after star Alicia Vikander talked about the possibility of a sequel to 2018’s Tomb Raider, saying how much she would have loved to make one. The 2018 film – which starred Vikander and was written by Misha Green (HBO’s Lovecraft Country) — premiered to relative box-office success, but received mixed reviews from fans and critics alike. While Vikander’s turn as Croft was praised by most, some felt the film was generally bland and didn’t do enough to differentiate itself from the 2013 video game it was based on.

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