You'd be hard pushed to find too many people that were big fans of Terminator: Genisys. Sure, it had its moments and marked a solid return for Arnold Schwarzenegger as the aging T-800, but overall it has to be considered a pretty big disappointment. Of course that wouldn't matter to a studio as long as the movie made the requisite amount of coin, but since it didn't ($440.6M worldwide but only $90M of that domestically), the follow up has been canned - at least for the time being.
Paramount have removed the planned sequel - which they've been referring to as simply "Terminator 2" - from its May 19, 2017 spot and replaced it with Dwayne Johnson's big-screen Baywatch flick. The studio had also carved out a date for a third Terminator movie, which had been set for release in June of 2018.
Will they return to this franchise at some point? We'll have to wait and see, but something tells me most of you won't be shedding any tears if they don't.