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‘Now You See Me 3’ news, updates: Third part of the movie prepares for production; ‘Now You See Me 3’ could still be cancelled or postponed?

| Jul 11, 2016 07:20 PM EDT

It was recently confirmed that “Now You See Me 3” is already in the initial stage of production.

Just almost a month after "Now You See Me 2's" premiere date, it was recently confirmed that "Now You See Me 3" is already preparing for production.

According to Cinema Blend, Liongate's CEO Jon Feltheimer announced during the company's conference call that the third instalment of "Now You See Me" is about to start its production, although the announcement was made days before the sequel of the film came out. Feltheimer was confident that "Now You See Me 2" would become a box office hit yet again, and making a part 3 for the film would be sensible.

The first story circles around a group of unlawful magicians who are known for performing amazing tricks and stunts that surely catches people attention, but under all those illusions and tricks, the group known as The Four Horsemen (Jesse Eisenberg, Woody Harrelson, Isla Fisher and Dave Franco) are also plotting to rob a bank or even a random filthy rich individual.

"Now You See Me 2" still follows the story of the criminal magicians at present day. They are faced with a dilemma now that a new found enemy would force them to do the most dangerous heist that their group ever did. Some new faces were also seen in the sequel such as Lizzy Caplan and Daniel Radcliffe.

Though it is too early to really speculate on what "Now You See Me 3" would all be about, but since the production team is really confident that the sequel would be a block buster hit, "Now You See Me 3" may also do the trick and end up earning millions when it premieres.

In other news, according to Bustle, although its already been announced that "Now You See Me 3" is in the initial stage of its production, it is also possible that it could get cancelled, depending on how successful "Now You See Me 2" turns out.

It is said that the sequel needs to "out gross" the original film, as the first "Now You See Me" earned about 350 million dollars with only a budget of 75 million. To have a successful production for the 3rd instalment, "Now You See Me 2" should earn more than the original film earned, according to the same publication, seeing how recent sequels like "X-men: Apocalypse" and "Alice and the Wonderland" turned out, it is almost impossible for "Now You See Me 2" to earn 350 million or more to surpass it.

No recent announcement about cancellation of production was released, "Now You See Me 3" may still be on the works, although there are still no details on what's in store for the 3rd part of the film.

Watch "Now You See Me 2" trailer below:

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