It’s a bad news day for those hoping that the “Tron” movies would springboard into a full-fledged trilogy. Despite having two successful releases under its belt, new reports indicate that Disney has decided not to move forward with a “Tron 3” movie.

According to The Hollywood Reporter, the Mouse House pulled the plug at the eleventh hour as filming was expected to begin on the “Tron: Legacy” sequel. Rumors even indicated that director Joseph Kosinski as well as stars Olivia Wilde and Garrett Hedlund would return for the new movie, which would officially turn “Tron” from a two-parter to a franchise.

“Legacy” was the 2010 follow-up to the 1980s classic, which starred Jeff Bridges and Bruce Boxleitner. The film was about a man who discovers an entire universe in the digital world. "Legacy" revealed that Bridges’ character had a son who goes into the “Grid” in search of his father. The first movie garnered a massive cult following and the sequel was a box office success. According to Box Office Mojo, it earned more than $400 million worldwide with a budget of $170 million and helped introduce a whole new generation of fans to the world of “Tron.”

Following that success, Boxleitner told Crave Online in 2014 that a third movie was in the works. While another installment seemed all but a foregone conclusion, a source close to Disney told Variety that the project was never officially on the table.

“We had never greenlit the movie, but it was in development for some time,” the source at Disney said. “Things in the queue got ahead of it and we have such a big slate out in front of it, we started to think, ‘Where does it go?’ And it’s a pretty big investment to make if you are not even sure when you are going to release it.”

It’s possible that Disney hasn’t completely killed hope for a third “Tron” movie, however, it seems like the studio is more concerned with its upcoming titles like “Jungle Book,” “Pirates of the Caribbean: Dead Men Tell No Tales” and “Beauty and the Beast” to worry about when it can do something with “Tron.”