The move comes just a week after Tomorrowland pulled in a disappointing Memorial Day weekend box office.

Earlier this year, word broke that Disney was preparing production for a sequel to 2010's Tron: Legacy, with director Joseph Kosinski expected back in the director's chair. Actors Garrett Hedlund and Olivia Wilde were expected to reprise their roles as Sam Flynn and Quorra, respectively. Tron: Legacy, with a Cillian Murphy cameo and an ending which saw Quorra and Sam being rematerialized in the real world, certainly left the door open for a follow-up — even as it received mediocre reviews from critics.

Since the film's release, Disney has had trouble booting up an audience for Tron. In 2012, an animated prequel, Tron: Uprising, starring Elijah Wood, Mandy Moore and Bruce Boxleitner aired on Disney XD, lasting only 19 episodes before going off the air.