I really don't know how to break this to you easily, but I'm going to try; the Halo movie is in jeopardy and we may (feeling the emphasis here?) never end up seeing a silver screen adaptation of Master Chief.
Now if you haven't slit your wrists in depression yet, calm down and read this. It seems both the studios behind this adaptation (Universal Studios and Fox) have backed out as the production costs have exceeded budgets, which is believed to have exceeded $145 million.
Peter Jackson's representative, Ken Kamins on the other hand said that the problem lay in 'compensation'. "What happened was this, Universal, on behalf of both studios, asked for a meeting with the filmmakers just prior to the due date of a significant payment. Basically, they said that in order to move forward with the film, the filmmakers had to significantly reduce their deals. They waited until the last minute to have this conversation. Peter and Fran, after speaking with their producing partners and with Microsoft and Bungie respectfully declined."
Microsoft is still looking for a studio to meet the 2007 deadline.
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