It looks like the studio doesn’t feel the movie is worthy of a theatrical release and, as such, Netflix is in talks to acquire and distribute Cloverfield 3.
The Hollywood Reporter has several sources saying that Netflix is indeed in talks to acquire Cloverfield 3, which is rumored to be titled Cloverfield Station.
Cloverfield and 10 Cloverfield Lane were made on the cheap and managed to turn a nice profit as a result.
Paramount has been shifting the movie’s release date for a long time, with its original release date slated for early last year.