Hollywood closes down several follow-up movies

I read today that several movie sequels that were on their way to becoming greenlit have now been stopped. "Anchorman 2", "Zoolander 2", and a follow up to the revived "Rambo" franchise have been shelved, and all this week. The studios are tightening their belts of what they consider 'excess fat'. Problem is, they're putting more trash into production at the same time (another Jennifer Aniston movie, anyone?).

Established titles have been, in part, driving the industry for the last decade and was escalated in more recent years with 're-imaginings' of just about every 80's movie they could lay their hands on...and the "Karate Kid" remake this year is just one of many needless re-visits. Seems like the movies they just put down are somewhat prime examples of 'name recognition'. Apparently not enough for the suits.