Skydance is reportedly concerned that James Gunn’s Superman sequel, Man of Tomorrow, could lose so much money that the studio may forgo a theatrical release altogether, according to a new report. The best-case outcome under discussion, the report says, is limiting losses to $100 million.
The concern follows the sudden removal of DC Studios co-CEOs James Gunn and Peter Safran, who were let go roughly five months before their contracts were set to expire and about eight months before Man of Tomorrow’s scheduled July theatrical release. The sequel reportedly cost around $300 million to produce.
Gunn and Safran had spent four years building out a shared DC cinematic universe, beginning with 2025’s Superman, starring David Corenswet in the title role. Their exit raises questions about the future of projects tied to that plan, including Man of Tomorrow, which was positioned as a continuation of that universe.
The move comes after a mixed run of results under Gunn and Safran’s leadership. Superman’s theatrical performance has been described as a likely money-loser, while the spinoff Supergirl underperformed significantly at the box office. On television, the series Peacemaker and Lanterns drew a divided response from fans, and the upcoming Clayface project is also now being described in trade reports as likely to lose money.
No studio has publicly confirmed a final decision on Man of Tomorrow’s release plans, and the report indicates the matter remains under discussion at Skydance.
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