A general view of the atmosphere inside the TRON MySpace Party At Comic-Con 2010 San Diego on July 23, 2010.
Jerod Harris—Getty Images
May 30, 2015 12:18 PM EDT

Sorry, light cycle enthusiasts: Disney is not moving forward with Tron 3, a studio source confirmed to EW. The news was first reported by The Hollywood Reporter.

Back in April, it was announced that Tron: Legacy stars Olivia Wilde and Garrett Hedlund would reprise their roles for the third film, which Joseph Kosinski was set to direct. (According to The Hollywood Reporter, Disney also wanted Jared Leto for a role in the film, but nothing had been formally discussed with the actor.) Though the project was never given an official green light, production was in line to begin later this year, reportedly in Vancouver.

The sequel, made 28 years after the kitschy ’80s sci-fi cult classic with Jeff Bridges, grossed $400 million worldwide from a reported $170 million budget.

For more on the fate of Tron 3, head to THR.

This article originally appeared on EW.com

More Must-Read Stories From TIME

Contact us at letters@time.com.

Read More From TIME
You May Also Like