Joker 2 has received a significant boost in its budget, as per an exclusive report. A deep dive into Warner Bros. Discovery by Variety has led to the revelation of a massive increase in the budget of Joker 2 as compared to its predecessor.The report by Variety suggests that the current budget for the production of Joker 2 is around $200 million. Warner Bros. Motion Picture Group chiefs Michael De Luca and Pam Abdy have reportedly greenlit the massive budget for the Joker sequel film directed by Todd Phillips.The much-awaited follow-up to the 2019 hit movie Joker is called Joker: Folie à Deux. The film, which stars Oscar-winning Joaquin Phoenix, appears to be a magnificent continuation of the horrific and twisted tale of Batman's fiercest enemy.Joker 2 has received a massive budget upgrade compared to the first film View this post on Instagram Instagram PostThe $200 million budget for Joker 2 suggests that Warner Bros. Studio has a positive outlook on the sequel to the hit 2019 film. The first film was produced on a budget of $60 million. The $200 million budget for the upcoming sequel is a massive upgrade that can be warranted by the first film's massive success.As per the report by Variety, it can be confirmed that Joaquin Phoenix will receive around $20 million to reprise his role as Arthur Fleck/Joker. A significant addition to Joker: Folie à Deux is Lady Gaga in the role of the infamous Harley Quinn. She will receive around $12 million for her role as the Joker's psychotic partner. View this post on Instagram Instagram PostIncreasing the budget for the Joker sequel indicates that Joker: Folie à Deux will likely live up to considerably higher expectations. Naturally, that is explained by the fact that the first movie broke box office records by making over $1 billion worldwide despite having a much smaller budget, an R-rating, and no ties to other well-known DC films.Warner Bros. may now be more aware of the possibility of a sequel, but by experimenting with a different genre, the new film may also take a greater chance. As per Warner Bros., Joker: Folie à Deux is a "musical," and musicals generally have greater difficulty at the box office than other genres. Despite receiving positive reviews from critics, Warner Bros. reportedly lost over $40 million when the Color Purple remake was released.The official synopsis of the film reads:"The Joker returns in a new chapter of madness and mayhem in "Joker: Folie à Deux," a sequel to the critically acclaimed and award-winning 2019 film. Brace yourself for a dark and twisted descent into the mind of Arthur Fleck, as he grapples with his inner demons and unleashes chaos upon Gotham City."The movie's title, Joker: Folie à Deux, hints at what to anticipate. An intriguing parallel can be found in the translation of the French expression "Folie à Deux," which means "madness for two." The title highlights a close analysis of the complex relationship between Harley Quinn, the Joker, and Arthur Fleck.The movie may go in a few different directions: would their friendship be founded on shared delusions, a spiral into madness, or something darker? However, one thing is certain: the captivating title establishes the mood for a deep dive into the psyche of the two characters.Joker 2 is slated to be released across theaters on October 4, 2024.