The first two movies were more or less a success. G.I. Joe was one of the most rated action flicks of its year of release. The sequel was a moderate hit thanks to Bruce Willis and the franchise Viagra that is The Rock. The 2020 reboot will release on March 27th, 2020 and the story will be all new, barring the continuity from the previous two movies. Hasbro intends to start their own shared universe via the reboot just like the MCU and the DCEU.