Movies
Levy, who directed the 2006 Steve Martin remake and executive produced the sequel, told MTV that the disappointing audience response to this year's movie has scuppered plans for a follow-up.
"I think we've likely seen the end of this iteration of the Pink Panther films," Levy said. "Obviously, the sequel did not strike the chord that the first movie did."
He continued: "There are theories as to why this one wasn't a hit. Sometimes, that's just how the cards fall."
Levy said that Martin's involvement persuaded him to reinvent the Peter Sellers series, adding that the first Pink Panther remake featured "one of the truly memorable Steve Martin performances".
Movie Reviews
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At the Movies
This Week's 5 Hottest Movie VideosTrailers for The Avengers and Spider-Man are among this week's highlights in film.
Movies Interviews
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Box Office Charts
'Chronicle' leads UK box officeSuperhero drama Chronicle leads the UK box office ahead of Journey 2.
