"Space Jam: A New Legacy" faced criticism for several reasons that contributed to its perceived failure. Many viewers felt it lacked the charm and originality of the original "Space Jam." The film's heavy reliance on nostalgia and excessive product placement detracted from the story. Additionally, some critics pointed out weak character development and a convoluted plot involving digital worlds and technology. Despite featuring LeBron James, the film struggled to resonate with audiences, leading to mixed reviews and disappointing box office performance.

As of now, there has been no official announcement regarding "Space Jam 3." "Space Jam: A New Legacy," released in 2021, featured LeBron James and received mixed reviews. While there have been discussions about potential sequels, nothing has been confirmed. The success of the film and fan interest could influence future decisions, but for the latest updates, it's best to keep an eye on news from Warner Bros. or official announcements.

Michael Jordan did not appear in "Space Jam: A New Legacy" because the film focuses on LeBron James as the lead character. The sequel shifts the narrative to a new storyline that incorporates modern technology and a virtual world, allowing for a fresh take on the concept. While Jordan was the star of the original 1996 "Space Jam," the filmmakers chose to hand the torch to LeBron to appeal to a new generation of fans and explore different themes related to family and legacy.

"Space Jam: A New Legacy" is a 2021 live-action/animated sports comedy film that serves as a sequel to the original "Space Jam" (1996). The story follows NBA star LeBron James, who, alongside his son Dom, gets trapped in a digital universe controlled by a rogue AI named Al-G Rhythm. To save his son and escape, LeBron must team up with the Looney Tunes, including Bugs Bunny and Daffy Duck, to compete in a high-stakes basketball game against a team of formidable opponents, blending live-action and animation in a fun, family-friendly adventure.