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The action franchise that made Keanu Reeves the highest-paid actor for a project is reportedly developing a fifth film.The Matrixfranchise released three films in the late ’90s and early 2000s helmed by directors Lily and Lana Wachowski. A fourth film,The Matrix: Resurrections, was released in 2021, with only Lana Wachowski having directorial duties. As the franchise returns for a fifth planned film, neither of the Wachowski’s are returning to direct the film.

Keanu Reeves' The Matrix franchise will continue with another film

Fans are not sure about the fifth film, especially after the studio decided to appoint a new director. Drew Goddard, who createdDaredevilfor Netflix, will take over from the Wachowski’s. However, fans highly doubt that the lack of Wachowskis’ creative minds would help a fifth film.

Keanu Reeves’The Matrix 5May Be A Bad Idea According To Some Fans

According toVariety, Warner Bros. announced a fifth film inKeanu Reeves‘The Matrixfranchise, despite the commercial disappointment of the last film. The major change to the new film will bethe addition ofThe Martianscreenwriter Drew Goddardas the director.Lana Wachowski, who helmedThe Matrix: Resurrections, will serve as an executive producer.

Besides a Huge Salary, Martial Arts Legend Woo-Ping Yuen Had One Strict Condition to Work With Keanu Reeves and Carrie Ann Moss in The Matrix

While plot details for the film haven’t been released, Warner Bros. is not planning to stray too far from the fantasy world created in the initial films. Fans are not entirely on board with the idea of a fifth film, that too without the WWachowski’s at the helm. While the latest film from the franchise was underwhelming, the duo had created some extraordinary cinematic work in the first few films.

One fan on X shared that Warner Bros. should’ve stopped after the fourth film’s failure, adding that more films will only contribute to tarnishing the impact of the original trilogy. Another fan felt that the fourth film should’ve served as a lesson for the filmmakers, but they apparently didn’t learn from that. One comment perfectly explained thatThe Matrix: Resurrectionsopened the door for more nonsense add-ons.

Keanu Reeves and Carrie-Anne Moss in The Matrix: Resurrections

Fans also criticized WB’s move as a tactic to milk a few more million out of the franchise. Some urged the studio to create something original rather than to use these sequel/remake tactics. Some of the fan reactions read:

After the fourth entry, there’s absolutely no need for this. More sequels are just going to tarnish the impact of the original.

Besides a Huge Salary, Martial Arts Legend Woo-Ping Yuen Had One Strict Condition to Work With Keanu Reeves and Carrie Ann Moss in The Matrix

— SpaceMonkey (@SpaceMonkey0009)June 15, 2025

I guess that fourth movie failing completely wasn’t enough of a lesson for the studio

Drew Goddard will helm the new iteration of The Matrix films

— John A. Douglas (@BlkCrownAuthor)June 02, 2025

The fourth one felt like an afterthought, and it damaged the foundation concept IMO. Felt like a soft reboot opening the door for nonsense add-ons.

Keanu Reeves Watched 2 Cult-Classic Anime to Prepare for The Matrix

— Shadow Mann (@ShadowMann9)August 11, 2025

they figure they can milk a few more millions out of the franchise after the watchowski’s fumbled the fourth movie on purpose

— ✨😇 Composite Man 👹✨ (@slimbo_klice)June 03, 2025

Maybe just create something new?

— Taser ///🕯️🕯️🕯️👀 (@Tokewitch)June 29, 2025

It is expected that Keanu Reeves andCarrie-Anne Mosswill return to their roles as Neo and Trinity in the film. Yahya Abdul-Mateen II, Jonathan Groff, Neil Patrick Harris, and Priyanka Chopra Jonas will also return after making their appearances in the previous film.

WB Is Thrilled About Drew Goddard HelmingThe Matrix 5

Warner Bros. Motion Pictures president of production Jesse Ehrman shared in a statement thatDrew Goddardapproached WB with a new idea forThe Matrix. The studio felt that Goddard’s idea was an incredible way to continue the films. Ehrman stated that it would honor Wachowski’s work that began over 25 years ago, while also offering a new perspective. Ehrman also added that the studio was thrilled about Goddard’s project. Ehrman shared (via Variety):

“Drew came to Warner Bros. with a new idea that we all believe would be an incredible way to continue the Matrix world, by both honoring what Lana and Lilly began over 25 years ago and offering a unique perspective based on his own love of the series and characters. The entire team at Warner Bros. Discovery is thrilled for Drew to be making this new Matrix film, adding his vision to the cinematic canon the Wachowskis’ spent a quarter of a century building here at the studio.”

Goddard wrote the screenplay for films likeCloverfield,World War Z, andThe Martian, the latter of which earned him a nomination for Best Adapted Screenplay Oscar. His first directorial venture wasThe Cabin in the Woods. He is currently one of the frontrunners in consideration tohelm Marvel’sSpider-Man 4after Jon Watts leftthe film series.

Keanu Reeves Watched 2 Cult-Classic Anime to Prepare for The Matrix

The Matrixfilms are now available for streaming on Max.

Hashim Asraff

Senior Writer

Articles Published :3019

Hashim Asraff is a Senior Entertainment Writer at FandomWire, with over 2,800 articles published on celebrity culture, comic book movies, and major TV franchises. With a background in Sociology and a keen interest in pop culture, Hashim brings a unique lens to breaking news stories, character deep-dives, film rankings, and fan-driven perspectives.His coverage often includes the MCU, DCU, hit network shows, and celebrity profiles, giving readers a rich blend of entertainment and analysis. A longtime fan of crime and investigative series, Hashim has watched thousands of episodes of NCIS, Criminal Minds, Law & Order: SVU, Bones, Blue Bloods, and The RookieA passionate storyteller and wordsmith, Hashim has also worked as a ghostwriter and managed multiple social media handles. He brought his writing expertise to FandomWire to also pursue his lifelong love for cinema and television.

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Drew GoddardKeanu Reeves