According to THR, GL will still continue amidst the soft performance. In my opinion, it was still successful as a franchise launch. Now, more people know about Green Lantern as a character. Green lantern as a brand has scored a lot in licensing… that’s something viable that will continue for a longer time.
People will still watch a sequel especially when it is done right. Except for Iron Man 2, the first sequels are usually much better. I hope they learn from their mistakes and make this an epic battle against Sinestro. (Like a real space saga, I hope Hal Jordan loses in the sequel and comes back for a third with 3 other Earth Lanterns for a big finish.)
Also David Goyer. It’s either that or have their animation writers make the screenplay this time. First Flight, Emerald Knights and New Frontier were much better Green Lantern movies. Also, WB has to turn it over to Legendary Pictures or have it work under the Nolan arm. Just take it off the hands of those TV producers from Smallville and Heroes.