Just last month, Sony exec Rory Bruer said he had “no doubt” that the studio would move forward with a sequel to Paul Feig’s Ghostbusters reboot. That was then, this is now: The all-female reimagining of the 1984 classic has made $180 million at the global box office, which isn’t enough to justify Sony’s production and marketing costs…or a sequel, for that matter.

While Ghostbusters has yet to open in France, Mexico and Japan, THR reports that any additional revenue from those markets likely won’t be enough for Sony to break even on the reboot, which cost about $144 million to produce. With additional marketing costs, the studio reportedly needs $300 million to “break even.” $300 million. By contrast, Ivan Reitman’s original Ghostbusters cost $30 million to make, which equates to about $69 million today.

Kate McKinnon, Kristen Wiig, Leslie Jones and Melissa McCarthy are contracted for two potential sequels, but it appears that Sony has now shelved plans for a follow-up due to disappointing box office returns — which isn’t all that shocking, to be honest. Feig’s film is fine but it lacks the punch of his other comedic efforts and feels like a movie made for a younger crowd. That’s also fine, but the sexist backlash to the all-female cast put a lot of pressure on the reboot to become a hit.

Sony will now redirect its energy to the Ghostbusters animated film, which is scheduled to hit theaters in 2019, and an animated TV series called Ghostbusters: Ecto Force, which will debut in 2018. Ivan Reitman is said to have more control over the creative direction of the franchise moving forward via his Ghost Corps. production banner. And while a sequel to the reboot appears to be off the table, a rep for Sony tells THR that they’re “very proud of the bold movie Paul Feig made,” which has given them “many ideas…to further exploit the Ghostbusters universe.”

“Exploit” is probably the worst word they could use, but at least they’re being honest.