While there were plans to make a direct Ghostbusters sequel, those have fallen through.
While Ghostbusters did okay critically overall (it ranks at 73% among critics on Rotten Tomatoes), commercially it underperformed, making $229 million off a $144 million budget.
However, the franchise isn’t completely dead, as Sony has an animated movie, an animated TV series and a different kind of live action movie in development.
One can’t help but wonder how much the controversy that erupted from the moment the cast was announced affected that performance, but in any case, the damage is done.