Halo Movie Loses Studio Support

Variety.com is reporting today that the Halo movie, recently pushed back to a release in 2008, has lost support from both Univeral Studios and 20th Century Fox. It seems that they were getting cold feet about putting so much money towards the project, especially with director without a feature film to his name.

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.

Peter Jackson, Fran Walsh, WETA and director Neill Blomkamp are still onboard the project, but now it’s time for them to find a new studio to finance and distribute the movie. Here’s hoping that another big studio with deep pockets will take a chance on bringing Master Chief and his adventures to the big screen!

via Variety.com