Waterworld Sequel Series Is Happening with 10 Cloverfield Lane Director Waterworld Sequel Series Is Happening with 10 Cloverfield Lane Director The Waterworld universe will be expanded with Dan Trachtenberg on board to direct a continuation series more than 25 years after the original movie. Waterworld will continue with a sequel series more than 25 years after the original movie famously bombed in theaters. Producer John Davis, who produced the original alongside Charles Gordon, Larry Gordon, and star Kevin Costner, is on board to help develop a new Waterworld TV series with plans to bring back the original characters. 10 Cloverfield Lane) has also been tapped to direct, though it's unclear who will be writing the series.