I have a thought about this whole situation and I'd like to hear your opinion about it. What if they're canceling the movies from the theater only and releasing them later on stream service, dvd, etc? I think that since both movies needs reshoots and also to make visual effects for a movie like this is really expensive, so they don't want to have to spend more money with FX and reshoots. They just want to cut their losses and move on but the movie will be showed later the way it is and with some visual effects that for tv would be good enough but not for theater. For a home movie they don't have to do the reshoots and neither spend a lot of money on visuals. But for they to release on theater they'd have to spend millions of dollars on all that and since the studio knows that the movie sucks, they might just leave it as it is and see if they can get some money from it when releasing digitally later on.