"Waterworld" flopped primarily due to its exorbitant production costs, exceeding $175 million, making it one of the most expensive films at the time. Its release faced criticism for a convoluted plot, underdeveloped characters, and mixed reviews from critics and audiences. The marketing was also perceived as lackluster, failing to convey the film's appeal. Additionally, it was released in a competitive summer season, struggling against other blockbusters. Despite its initial box office disappointment, it later gained a cult following and performed better in home media.

As of now, there are no confirmed plans for a sequel to "Waterworld." Although the original film, released in 1995, has gained a cult following over the years, discussions about a potential "Waterworld 2" have surfaced intermittently. However, no official announcements or developments have been made regarding a sequel. The creators have expressed interest in expanding the universe, but for now, "Waterworld" remains a standalone film. Keep an eye on news for any updates in the future.

"Waterworld," released in 1995, was one of the most expensive films ever made at the time, with a production budget estimated around $175 million. It held the record for the highest-budget film for several years. However, it is no longer the most expensive movie; that title has since been surpassed by films like "Pirates of the Caribbean: On Stranger Tides" and "Avengers: Endgame," which had budgets exceeding $300 million. Despite its initial financial struggles, "Waterworld" has gained a cult following over the years.

"Waterworld," released in 1995, is a post-apocalyptic science fiction film directed by Kevin Reynolds and starring Kevin Costner. It received mixed reviews from critics, with some praising its ambitious visuals and unique concept, while others criticized the plot and pacing. Despite its initial box office struggles and high production costs, it has since gained a cult following and is appreciated for its imaginative world-building and action sequences. Ultimately, whether it’s considered a "good" movie often depends on personal taste.