The Crow Tanked, Probably Because Hollywood Is Racist
kestrelstories.com
kestrelstories.com
The crow tanked because it was crap. It didn't have the creativity of the original, and was just "generic Hollywood reboot". I'm not sure the lack of an Asian male lead had anything to do with it.
But the movie stood on its own, it was enjoyable and met the zeitgeist of the time. And I don't think anyone considered Brandon Lee "an Asian lead".
As you say, the reboot is just irrelevant and apparently a mediocre movie, and that's why it tanked.
Having done so, we should now put his idea back in the box, seal the box, and ship it to that government warehouse from "Raiders of the Lost Ark", where its merits can be most suitably appreciated.
+1 on spacecowboy's comment.