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(LR) Hiram Garcia and Dwayne Johnson attend the ‘Black Adam’ premiere at Cine Capitol on October 19, 2022 in Madrid, Spain.

Aldara Zarraoa |: String Image |: Getty Images:

According to the film’s star Dwayne Johnson, there will be no sequel to “Black Adam” at Warner Bros. Part of the next round of DC movies from Discovery Studios.

“DC and Seven Bucks have agreed to continue exploring Black Adam’s most valuable avenues for use in future chapters of the DC multiverse,” Johnson tweeted. Seven Bucks is Johnson’s production company.

This move comes at a time when Warner Bros. Discovery, led by CEO David Zaslav, is cutting costs and trying to revamp the debt-laden business. The company’s stock hit a 52-week low on Tuesday.

Black Adam was one of those properties that proved disappointing for Warner Bros., despite its substantial budget and Johnson’s worldwide popularity, the film underperformed at the box office and received poor reviews from critics.

The decision follows a leadership transition at DC. James Gunn and Peter Safran started as Warner Bros. New heads of DC Comics film and television division Discovery last month.

Gunn, who directed “Suicide Squad,” and Safran, who produced “Aquaman,” are set to breathe new life into DC Studios, leading to an onslaught of cuts, some of which have sparked backlash. DC unexpectedly canceled “Batgirl,” which would have been released exclusively on HBO Max, shocking Hollywood and causing backlash from fans.

“Love @TheRock and I’m always excited to see what he and the Seven Bucks are up to. I can’t wait to work together soon.” Gunn tweeted on Tuesday in response to Johnson’s tweet.

DC also signaled a new direction for the Superman franchise. Gunn announced that a new Superman movie is in the works, but that previous star Henry Cavill will not be returning. A new Wonder Woman movie has also been pulled from the studio’s slate.

“Peter and I are ready to go to DC, which we couldn’t be more over the moon about. At the beginning of the new year, we will be able to share some exciting information about our first projects,” Gunn. tweeted last week.

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