MGM has lost the rights to
#TombRaider, and Alicia Vikander is no longer attached to the property.
#TombRaider2 is now dead and the role of Lara Croft is expected to be recast:
https://t.co/sOjRtNA10g pic.twitter.com/U1CuSjEQsq- The Hollywood Reporter (@THR)
July 29, 2022 In a pretty shocking twist, MGM has lost the rights to the Tomb Raider franchise. It has returned to producer Graham King and his GK Films. Studios are now in a bidding war to acquire it.
Alicia Vikander is no longer attached as Lara Croft and the planned sequel has been canned.
Source