Stillborn Franchise: The film adaptation had nearly the entire cast signed on for multiple sequels AND they bought the actual boat they used to make sure it was going to be available. It made enough money for it to be deemed a financial success, as well as being well received critically, but not enough to make the sequel a sure thing, and in the end it never happened. The principal cast have all said over and over that they'd love to do more, and so has Peter Weir. Weir just tends to take a long time in between his projects. He also said that shooting a film on water is the hardest thing a director can do, and thus he'd really need to be sure that it'd be worth it.