'Green Lantern 2' still happening?

Martin Campbell's "Green Lantern" cost a lot of money ($200 million, and that apparently does not include marketing costs), but the sci-fi film starring Ryan Reyndols is not exactly tearing up the domestic box office. The film has grossed only $89.3 million so far.

That said, it looks like Warner Bros. is convinced it's time to move forward with a sequel. The studio seems to believe in this franchise a lot, even though studio execs. are not entirely satisfied with the film's performance. After all, it took a huge dive at the box office this weekend.

THR says Warner is planning "Green Lantern 2," and although this project is at the earliest stage, time will tell whether the man in the green suit will fly again. One thing is for sure: "Green Lantern" will have the hardest time making $200 domestically (it probably never will).

Box Office: 'Cars 2' finishes first with $68M!

The weekend at the movies belonged to the new releases, because "Cars 2" and "Bad Teacher" took over the North American box office, leaving their competition in the dust. Pixar's sequel to "Cars," for instance, grabbed a strong $68 million. 

That's right! "Cars 2" earned $8 million more than its predecessor, which comes as quite a surprise, considering the buzz around this film was clearly lower than that for, let's say, "Toy Story 3." Even critics didn't welcome "Cars 2" as warmly as they usually do a Pixar flick.

At No. 2, Cameron Diaz's comedy "Bad Teacher" bagged a strong $31 million from showings at 3,049 sites. In the film, Diaz plays a rough teacher shaking things up at a school. Yes, those two films alone brought in $100 million this weekend.

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Box Office: 'Green Lantern' rules with $52M

Martin Campbell's "Green Lantern" scored an easy win at the North American box office this weekend with an estimated $52.6 million in ticket sales. It will take the film a while to earn back the $200 million it cost, but for now, this is not a terrible start.

"Green Lantern," which stars Ryan Reynolds in the role of a hero wearing one powerful ring, scored an average of $13,806 per theater at 3,816 locations. That's double the average secured by "Super 8," which came in second this weekend with $21.2 million.

Helmed by J.J. Abrams, the sci-fi movie lifted its cumulative gross to $72.7 million, which is quite the solid start for a flick that only cost $50 million to make. "Super 8" also fought off new entry "Mr. Popper's Penguins," which desbuted at No. 3 with $18.2 million.

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Movie Review: 'Green Lantern'

Seen on: June 15, 2011

The players: Director: Martin Campbell, Writers: Greg Berlanti, Michael Green, Cast: Ryan Reynolds, Blake Lively, Peter Sarsgaard, Mark Strong

Facts of interest: Quentin Tarantino, Kevin Smith, and Zack Snyder were all at one point approached to helm this film.

The plot: Hal Jordan (Reynolds), a talented yet arrogant test pilot, is the chosen recipient of a mysterious green ring that grants him both superhuman powers and entry into an elite corps of intergalactic warriors. This group is charged with saving the universe from the evil Parallax.

Our thoughts: Comic book fans have always endured a certain amount of mockery that superhero stories are just for kids or grown-ups suffering from arrested development. Well, "Green Lantern," Warner's staggering $300 million dollar train wreck won’t help matters. Worse yet, director Martin Campbell (who famously resurrected the James Bond franchise) can't decide who his target audience is.

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Actor Spotlight: How good is Ryan Reynolds?

Welcome to the very first edition of "Actor Spotlight," one of several new features The Screening Log will be rolling out over the course of this summer. With "Green Lantern" hitting theaters this weekend, we thought it would be the perfect time to discuss the film's leading man, Ryan Reynolds.

As you can read after the jump, TSL's staff members have a lot of interesting things to say about Reynolds and his acting skills, but we also want to hear from you. Do you think he is a solid actor? Feel free to leave your comments and discuss our opinions below. Let's have some fun.

Oh, and just in case you have never heard of him (which is highly unlikely, I might add), his credits include "The Nines," "Definitely, Maybe," "Van Wilder," "The Proposal," "The Amityville Horror" and "Paper Man," among others. Yeah, that guy. Okay, let's get to it for real...

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This week's new movie releases - June 17, 2011

"Super 8" entertained the summer crowd last week, and this weekend, cinemagoers can look forward to one big blockbuster and a family comedy. Martin Campbell's "Green Lantern" will land in theaters this Friday, and also debuting is Mark Waters' new flick "Mr. Popper's Penguins," which stars Jim Carrey.

GREEN LANTERN, with Ryan Reynolds, Blake Lively, Peter Sarsgaard

There has been a lot of buzz surrounding "Green Lantern," but not all of it has been positive. I mean, let's face it, doesn't it look kind of weird? I was very skeptical too, at least until I heard the first screenings of the film generated some great feedback. So at this point, I'm intrigued. My excitment meter: 7/10

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Another new clip from 'Green Lantern' surfaces

Still unsure about whether to drop $10 or more to see "Green Lantern"? Me too. Warner Bros. must be sensing the lack of buzz surrounding the film as they have released multiple clips of it in the past 24 hours. Check out this new footage from the film below. Excited?

In the film, a test pilot (Ryan Reynolds) is granted a mystical green ring that bestows him with otherworldly powers, as well as membership into an intergalactic squadron tasked with keeping peace within the universe. Blake Lively and Peter Sarsgaard co-star.

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Watch: New clip from 'Green Lantern'

A new clip from Martin Campbell's upcoming "Green Lantern" has hit the web, and you can check it out after the jump. It features lead actor Ryan Reynolds as Hal Jordan aka. Green Lantern, who gets an introduction to the planet of Oa.

In the film, Reynolds plays a test pilot who is granted a mystical green ring that bestows him with otherworldly powers, as well as membership into an intergalactic squadron tasked with keeping peace within the universe. Blake Lively co-stars.

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Check out the Power Battery from 'Green Lantern'

Here is a quick look at the Power Battery from "Green Lantern" (via The Daily Blam). The Martin Campbell-directed action adventure starring Ryan Reynolds opens in theaters June 17, 2011.

In the film, Reynolds plays Hal Jordan, a test pilot who comes into possession of a ring that holds great powers and later helps him become Green Lantern. Blake Lively, Tim Robbins, Mark Strong co-star.

"Lantern" picked up the award for Most Anticipated Movie at the Scream Awards. Yeah, I'm excited too.

'Green Lantern 2' finds screenwriter!

Warner Bros. is convinced "Green Lantern" will be a huge hit, because the studio is already developing the sequel, "Green Lantern 2." The screenwriter is hired already as well: Michael Goldenberg.

Goldenberg's credits include 2003's "Peter Pan" and "Harry Potter and the Order of the Phoenix." He also did some work on the script for the first "Green Lantern," which Martin Campbell has just finished shooting.

Variety says Warner's move comes after Greg Berlanti, Michael Green and Marc Guggenheim penned a treatment for the sequel. The first "Lantern" will open June 17, 2011. Ryan Reynolds stars.