Through an official statement, the studio announced they will be taking Guillermo del Toro’s sequel to his 2013 sci-fi thriller “Pacific Rim” off the list indefinitely. Even though it seems like the film might not come to life ever, the studio implies it might by saying, “we’re going to give it an experience the franchise deserves.” Before the studio’s announcement, the film already had a release date for August 4, 2015, which was set at the beginning of the Mexican director’s promotion tour to promote his upcoming horror film, “Crimson Peak.”

Del Toro has been keeping very busy this year while taking part in the 68th Cannes Film Festival in Cannes, this time as part of the judge panel headed by the filmmaking brothers Joel and Ethan Coen, teaming up with Ryan Gosling turn Disney’s “Haunted Mansion” into a live action movie and turning his new film into an attraction for Universal Studios Hollywood.

Only time will tell if another studio will take over Del Toro’s sequel.