Despite the movies already being made to the tune of $70M...with some reports it cost over $100M...Warner Bros has decided to never release it. Screenings of the movie were so bad that they felt it was in the best interest to shelve the movie in the long term interest of "saving the brand."
Check out article for details and all the actors involved - NY Post - ‘Irredeemable’ ‘Batgirl’ movie gets ‘shelved’ by Warner Bros. despite $70M price tag