I could be wrong about this (even though I believe the chance to be small), so let’s set up the terms of my potential punishment right away. If Cloverfield 2 ever happens, I will buy the first person to call me out on it a 6-pack of that Slusho stuff, should it actually exist.
Here’s the thing, JJ Abrams has moved on. He’s got Star Trek and effing Star Wars to deal with. Matt Reeves and Drew Goddard continue to find new and interesting projects, ones that expand their body of work, not replictae their past. Some people are clinging to hope in the form of this Abrams quote (via Playboy), “Part of me just wants to let [Cloverfield 2] go, though we’ve had a couple of discussions about cool ways to do it. I’m looking forward to seeing Pacific Rim this summer. It feels like there are some really big monsters coming down the pike that could inspire something we do.”
The key here is the first sentence. “Part of me just wants to let it go.” The rest is just polite noise. Cloverfield was the perfect project for these filmmakers at that time. It was new, original and innovative. It was a great one-off that didn’t have a lot of mythology to expand upon. 5, 6, and eventually 10 years later it’s just not necessary. There’s always the chance they could just farm out a sequel to a newer batch of filmmakers, but I get the feeling that they’re not even that interested in shepherding it. Nor should we expect them to be.