The Green Hornet movie which starred Seth Rogen in the title role will not be getting a sequel. Though the film performed pretty well in the box office, Columbia Pictures, who was the company to distribute the film, felt it was too expensive quoting producer Neal H. Moritz, " If I had done it in a tax-rebate state and not done 3D, it would have been considered a huge financial success for the studio... So we're not making a sequel right now."
I personally liked The Green Hornet film but I'm not too sad about the news. I'm sure eventually they will make a sequel but not in the near future.
Source: Cinema Blend