Katzenberg: 'Monsters 2 won't happen'

Jeffrey Katzenberg has revealed that an update to Monsters Vs. Aliens will not transpire.

The DreamWorks CEO previously said that the animated film performed well enough at the domestic box office to warrant a follow-up, but its showing in international markets could halt the project from being made.

He told the Los Angeles Times: "I'd like to tell you there's a perfectly rational, clear and easy answer as to why not, but there isn't [a sequel].

"There was enough of a consensus from our distribution and marketing folks in certain parts of the world that we would be pushing a boulder up a hill."

The 3D movie grossed $377m (£230m) worldwide, of which $198m (£120m) came from domestic ticket sales. Katzenberg added that the film's recent DVD release was off to a "strong start in its initial home video release".

Nickelodeon recently ordered a pilot based on the picture, which featured the voices of Reese Witherspoon, Seth Rogen and Kiefer Sutherland.