I based it on the Wikipedia article. It paints a grim picture.
"At Wondercon 2016, Munroe stated that the film had yet to enter production and that he doubted it would be released later that year, but was "standing by, waiting to jump on top of it. I'm just waiting for the phone call."[59] On October 26, 2016 he revealed on Twitter that he hadn't personally worked on Sly Cooper in over a year and a half.[60] Munroe is currently attached to direct the Chinese-Norwegian-Canadian co-production Troll: The Tale of a Tail for release around Christmas 2017.[61]
Following the poor box office performance of the Ratchet & Clank adaptation, Cartoon Brew editor Amid Amidi expressed doubt that Sly Cooper would ever be completed.[62] In September 2016, Michael Hefferon, president and chief creative officer of Rainmaker, said that due to Ratchet's failure, the company would have to reevaluate the timing, release plans and budget for Sly Cooper.[63]"
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