So. Morbius. There’s 3 possibilities for the future of this franchise:
1: due to the film being a complete financial failure, Sony will not want anything to do with the film, and quietly euthanise the character.
2: they make a sequel that references the memes surrounding the film constantly. Decide for yourself if this is a good or bad thing.
3: they continue with their original plan for the character, and put him into the venom cinematic universe. The bad ending.
Which do you think is the most likely ending.
That's the exact reason. The 90s one was so bad/cheap they didn't even show it in theaters or release a video.