Today director Guillermo del Toro took part in a Reddit AMA in which he answered many fans questions about his upcoming projects like Crimson Peak, FX's The Strain and Pacific Rim 2. He was also asked about the status of Hellboy 3 in which he replied no studio wants to finance the project and its basically dead:

“We have gone through basically every studio and asked for financing, and they are not interested. I think that the first movie made its budget back, and a little bit of profit, but then it was very, very big on video and DVD. From a business point of view, all the studios know is that you don't have that safety net of the DVD and video, so they view the project as dangerous,”

He then goes onto reveal some plot details on his projected third film and the conclusion to his Hellboy series:

“The idea for it was to have Hellboy finally come to terms with the fact that his destiny … is to become the beast of the Apocalypse …  and he has to do it, in order to be able to ironically vanquish the foe that he has to face in the 3rd film. He has to become the beast of the Apocalypse to be able to defend humanity, but at the same time he becomes a much darker being. It's a very interesting ending to the series, but I don't think it will happen.”

Sons of Anarchy and Hellboy star Ron Perlman is adamant on making a third Hellboy film, While the first two were well received they didn't make much of a splash at the box office being such an obscure character. Well, now the actor has gone on record to saying he fights for the third film almost everyday at the London East End Film Festival.

 “I’d like to finish it. I’d like for there to be a third film because the first two films were set up for this huge resolve and he (Guillermo Del Toro) already understands what that resolve will look like. He never gave me the nuts and bolts of it, but he gave me a rather broad strokes sketch of what the third film would look like and it’s so epic and so deserved by the fans that hung in there for the first two that I really feel as though it’s essential that we make it. So I fight for it every day. Sometimes I’m the only voice and sometimes there are others, but I’m never going to stop trying to get Hellboy 3 made!”