I'm still not sold on this being the next big IP and enough to warrant one of the precious Epic plots. The second movie may very well under perform as the last half of the musical was never as good as the first, and most the reviews for the movie are saying the first was better. If this does less at the box office, I wonder if that'll give them some pause.
I think the IP's core demo being much more female leaning than any of Universal's other IPs is the biggest thing it's got going for it. That may be enough in their eyes if it helps persuade mommy to book a stop at Universal on their next vacation though