Which one? There are a few films titled Black Hole?
If you are referring to the Disney one with the robots I seriously doubt anyone could match the charm of that film.
You do know that a Black Hole is not a hole. It is a singularity with mass so great that light can't escape. In reality it isn't even black. It is probably white hot but appears black because the light never reaches our detection.
In the far reaches of my brain I recall talk of a sequel to the Disney movie but haven't seen anything recently about.
Personally I'd be really surprised if a Black Hole 2 project would get worked on because now that Star Wars and Marvel are both under the Disney umbrella they have more than enough more popular franchises that they could work on.