As big fans of what Guillermo del Toro did with his HELLBOY movies, we’ve been holding out that a HELLBOY 3 may one day happen. Sadly, it appears that the chances of that film happening are getting smaller and smaller.

When asked about a third HELLBOY during a Reddit AMA, Del Toro said, “Well, you know, we don’t have that movie on the horizon. But the idea for it was to have Hellboy finally come to terms with the fact that his destiny, his inevitable destiny, is to become the beast of the Apocalypse, and having him and Liz face the sort of, that part of his nature, and he has to do it, in order to be able to ironically vanquish the foe that he has to face in the 3rd film. He has to become the beast of the Apocalypse to be able to defend humanity, but at the same time he becomes a much darker being. It’s a very interesting ending to the series, but I don’t think it will happen.”

The then added, “I think that the first movie made its budget back, and a little bit of profit, but then it was very, very big on video and DVD. The story repeated itself with the second already, it made its money back at the box office, but a small margin of profit in the release of the theatrical print, but was very, very on DVD and video, so they view the project as dangerous… Creatively, I would love to make it. Creatively. But it is proven almost impossible to finance. Not from MY side, but from the studio side. If I was a multimillionaire, I would finance it myself, but I spend all my money on rubber monsters.”

We’re pretty sure there’s far worse things to be spending money on.

Sadly, despite it sounding like it could be a great conclusion to del Toro’s HELLBOY series, it looks like we won’t be seeing HELLBOY 3 any time soon.

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