It's actually a shame the sequel won't happen
As someone who had Jem wallpaper as a kid this film was so disappointing. I think the reason's it failed are well documented. To me, the main thing wrong was the absence of The Misfits. The sequence in the end credits was actually the best part of this film and was obviously laying the groundwork for a sequel. It's a shame this won't happen now, as I think the sequel would have been everything this movie should have been.
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