We all know that Ryan Reynolds‘ Green Lantern was a huge flop, which was evident through its box office ratings.  The film cost $200 million to produce, while it only took $220 million at the box office, failing to meet industry expectations (Reuters).  The Hollywood Reporter stated that the movie needed to make approximately $500 million to be considered financially solid but movie failed to live up to its superhero luminaries.  Green Lantern grossed $21 million on its opening day, but fell by 66% immediately the following week. Reynolds’ Green Lantern was the second largest weekend decline for a superhero film since 2011.

After 6 years of silence, it now seems as if the Green Lantern is ready to set things straight. Just recently, rumors about a new Green Lantern film have been circulating the internet, and due to the increasing suspicions of DC fans, the comic book giants confirmed (Deadline)  that they had hired David Goyer and Justin Rhode to write the script for the new movie. Using a different direction from the previous film, both writers said that the new Green Lantern film will be like “Lethal Weapon” in space, which probably means that the film will be a mixed bag of comedy and action.
The new Green Lantern movie will be a part of the DC Extended Universe, which was originally planned to be released in 2020. However, since the Justice League movie will soon be released, DC probably wants to release the new Green Lantern sooner in order for the character to be a part of Justice League 2.
Rumors about the new Green Lantern movie first surfaced when gamers pointed out that DC seems to be aggressively marketing the Ring-wielding superhero through a number of casual games. Apart from the Green Lantern: Rise of the Manhunters (Itunes) game for iOS, the gaming channel Betfair Slots also released a casual title carrying the commercially-licensed Green Lantern name. It is well known among fans that DC tries to increase the hype of a superhero movie through the release of games, and the new Green Lantern titles are good signs that the new movie may be released sooner rather than later.
As for who will play the new Green Lantern, no one knows for sure. The chances are it won’t be Ryan Reynolds because apart from his disappointing performance in the first movie, he has since been cast as Deadpool.

Some industry insiders have even suggested that Dwayne Johnson, AKA The Rock, could be cast as the new Green Lantern movie but the rumors died down when it was confirmed that Johnson will instead be playing Black Adam, the arch nemesis of Shazam. Analysts suggest that the new Green Lantern film will be a reboot, and will have John Stewart as the Green Lantern instead of Hal Jordan. John Stewart is the first African-American superhero to be a part of the DC superhero roster.
There have also been no formal announcements yet as to who will direct the new Green Lantern movie.