Caddickisms

Variety.com - ‘Halo’ pic loses its studios

Fox Studios and Universal Studios have backed out of their deal to finance the Halo movie, based on the popular video game by Bungie and Microsoft.

The studios exercised their option to back out right before a deadline that would require an advance payment to Microsoft, who also would receive 10% of the movies profits.

While the exit of two studios would seem to imperil “Halo,” Kamins said Microsoft is already in talks with other distribution partners. Prep work on the film continues, he said. One advantage is having [Peter] Jackson and [Fran] Walsh as exec producers: Most of the pre-production is being done at their visual effects studios in New Zealand, Weta Digital and Weta Workshop, so there will be no stoppage.

So while it might seem that the studios’ exit might put an end to the anticipated movie, there is still time for Jackson (of “Lord of the Rings” fame) and team to find new partners.

Technorati Tags: Fox Studios, Universal Studios, Halo movie, video game, Bungie, Microsoft

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Tags: film, peter jackson, video games

This entry was posted on Friday, October 20th, 2006 at 8:29 am and is filed under Movies & TV, Other, Sci-fi. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.