The hugely popular fantasy musical has become the streamer’s most-watched English-language film of all time; a formal deal for V2 is not currently on the table.
Netflix and Sony Pictures reportedly are in talks to create an animated sequel, although a deal is not currently on the table, according to .Sony handed off the film to Netflix instead of giving the feature a theatrical run; it debuted on June 20, 2025.
The hugely popular fantasy musical, which follows KPop superstars Rumi, Mira and Zoey as they use their secret identities as demon hunters to protect their fans, has become Netflix’s most-watched English-language film of all time.“It was certainly a mistake for Sony to give it up,” said an insider to .“Sounds like this was new IP, they didn’t think it would land and was just bad luck for them.” The original deal had Netflix cover the film’s $100 million budget in addition to paying a fee of $25 million.
Sony also receives a portion of soundtrack sales, music publishing fees, and a portion of the money Netflix paid to Sony’s animation company Imageworks.Whatever happens next, a sequel cannot be created without some form of collaboration between both studios.No word yet on if either writer/director Maggie Kang or Chris Appelhans are in talks to return for any sequel.
Journalist, antique shop owner, aspiring gemologist—L'Wren brings a diverse perspective to animation, where every frame reflects her varied passions.
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