People weren't that into Superman Returns

Variety has a fairly comprehensive look at the status of whether a sequel to Bryan Singer's Superman Returns would be worthwhile and profitable, collecting all of the information that has been released in the past few months. It reports that Warner Bros. execs are still "mulling" whether to sign Singer to a sequel.

Contrary to the negative backlash the film has received by the media after it didn't do nearly as well as projected, Variety thinks that it will eventually break even:

Warners and co-financing partner Legendary Pictures have a shot at breaking even on "Superman" once all the revenue streams are accounted for, but it's going to be a long, tough haul.

Warners and Legendary -- which splits all profits with the studio down the middle -- are counting on strong home entertainment sales to make up for slower-than-expected box office.