Bringing extremely bad news to Halo fans is Variety who reports that both Universal and Fox Studios have backed out of the Halo movie adaptation. They cite rising movie costs and apprehension over a director who has no feature film under his belt. Apparently, there was a rumor that the budget for the movie was close to $200 million, the lion’s share of which was supposed to go to Microsoft.
According to Peter Jackson’s agent, the studios asked Microsoft, Bungie and Peter Jackson to ’significantly reduce their deals’ in the movie. This was “respectfully declined” however, prompting both studios to pull out. In response, Bungie is all “optimism, satisfaction and happiness for reasons can’t go into,” as per a weekly update on its site.
No new studio has been lured in announced yet.
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