Earlier quoted context omitted.
Matrix 4 did not do much of anything with, well, anything. Maybe except for the meta-commentary in the first act where the lead character is hesitant to make a pointless sequel to a popular franchise, but is forced to by his corporate abusers.
The Wachowskis weren't forced to, they, as humans, have the power to say "nu-uh". But I suppose they were made an offer they couldn't refuse. Or worse: WB owned the franchise and were going to make a sequel with or without them (or the actors). I'm sure the franchise will get a "hard" reboot at some point.
"I have never seen [Jaws: The Revenge], but by all accounts it was terrible. However, I have seen the house that it built, and it is terrific."