Honestly, I have no idea. Considering Shrek is yesterday's news for the most part, I'd assume they're looking to move on from it, possibly to a property they own.
As for what could replace it...I have no idea. The area is small, but they've proved with SS44/Transformers that won't stop them from going big.
We've only joked about it so far, but.........Hop: The Ride? :rofl:
I would love to see shrek go :thumbs:
but what we definitely need is more production theme attraction in that area. Even something like CinéMagique in Disneyland Paris would be awesome way to reuse the space and add something related to universal and its history, plus what better way to start your day at the studios with a view into its past films and future releases.
Cinematic Spectacular pretty much has that concept covered.