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When Warner Bros hired Will Beall to write the script and tentatively scheduled the movie for release in 2015, we thought the Justice League movie was really going to happen, but that's not a certainty anymore.
According to Variety (via Joblo), whether or not Justice League gets made will depends on how Zack Snyder's Man of Steel performs at the box office.
Here's the relevant part from Variety:
Stakes are high for 'Man of Steel.' Other than Nolan's Batpics, Warners has not been able to effectively exploit the DC library. Its 2011 'Green Lantern' underperformed, and a 'Justice League' film wouldn't likely be in theaters before 2015, as Warner's top brass has indicated that they are awaiting the results of 'Man of Steel,' which opens June 14, before moving further ahead.
So, it sounds like if Man of Steel bombed, we may not see another superhero movie from Warner Bros for awhile since Justice League is supposed to kick off the Wonder Woman, Batman, Green Lantern, and The Flash stand-alone movies. The studio will still reboot Batman though, so there is that.
The last Superman movie, 2006's Superman Returns, cost $270 million to make but took in about $391 million at the global box office, which didn't impressed the studio brass at all.
Man of Steel's budget is estimated to be around $225 million, and like Superman Returns, it needs to make over $500 million to live up to expectations and save the Justice League movie.
Okay, Superman, it's all up to you now. No pressure.
So if Supes flops then no Justice League movie. So with a budget like $225 million this movie needs to kick some serious ass. Lets all hope Man of Steel does well because I for one would love to see a Justice League film regardless of how bad Superman does solo.