According to a report in the Hollywood Reporter, Warner Bros is considering making a new Matrix film, though it has yet to determine whether the original creators, the Wachowskis, or original star Keanu Reeves would be involved. The paper said:
The Matrix was released in a quiet period of the 1999 release calendar — March 31 — and Warner Bros. didn’t have outsized expectations for an action movie with obvious Manga and comic-book influences. But the story and ground-breaking special effects (including the slow-motion "bullet time" effect, which launched dozens of imitators in the years that followed) became the highest grossing R-rated film of 1999 in North America, and the fourth-highest grossing film of the year worldwide. It also won four Academy Awards. Two sequels, Matrix Reloaded and The Matrix Revolutions, were not as well received, but Reeves’ deal for those films made him one of the richest actors in Hollywood.