Lionsgate now has a working timeline for the Michael sequel, and a timeline is not a release date. Against a reported $155 million production cost, the math on a follow-up stopped being a debate somewhere around week three. Fogelson still would not attach a figure to the Michael sequel, telling investors that budget guidance would have to wait. That is the context for every word Fogelson said about the Michael sequel. The first film chose to stop before any of it, and Lionsgate has said nothing about how the Michael sequel would handle it.