Sadly it sounds like a sequel is unlikely, the film hasn't done very well commercially, or at least not enough to justify a sequel. A shame really, if only because various knuckledraggers online will probably take great delight in that. I think audiences just aren't hugely receptive to reboots of well-known films.
Also, this film may not have been amazing, but it still deserved to do better than the bloody Angry Birds film.