VictimOfScience
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More here.It's game over for Universal's and Fox's participation in the feature adaptation of Microsoft's "Halo."
Both of the studios that agreed to co-finance the screen adaptation of the popular Microsoft game have abruptly backed out of the picture. While rumors had the studios concerned over a budget that was rising above the original projected $135 million pricetag, the filmmakers said the double defection came after U and Fox played hardball and unsuccessfully tried to get the filmmakers and Microsoft to reduce their profit participation.
Rumors of a budget that could approach $200 million raged Thursday, but Ken Kamins, who reps Peter Jackson and Fran Walsh, vehemently denied that figure. The duo came aboard as exec producers, joining powerhouse producers Mary Parent, Scott Stuber and Peter Schlessel.
While it may sound horrible, I am sure that someone will pick it up. There's A LOT of money to be made with the Halo franchise (for better r for worse). I wouldn't be surprised if Microsoft decided to open up a movie studio to break into that market too...