Halo movie denied, Hollywood pulls out

Variety, paragon of gaming news, is reporting that Fox Studios and Universal have pulled funding for the Halo movie. Hearing the nightmare chorus of fanboys screaming, "Why God? Why!?" into the heavens, I can only give you one answer. Money. Amid rumors that the film's budget would reach $200 million -- originally projected at $135 million -- the studios demanded at the last minute that the filmmakers reduce their deals. This demand was also made in light of the fact that Microsoft had already been promised $5 million up front and 10% of the gross.

This turn of events has led some to speculate that Halo's director -- newcomer Neill Blomkamp -- is too inexperienced. This was, however, dismissed by Peter Jackson and Fran Walsh's representative, Ken Kamins,

"Everybody is supremely confident in Neal [sic]. Part of what excited Peter and Fran was Neal's [sic] vision. We're very confident this film will move forward with the creative partners intact, who will take the film to production."

We're a little concerned that Variety managed to misspell both Neill's name and Bungie Studios' name (they spelled it Bungee), but hey, that's Hollywood for you. So, with Halo's fate hanging in the balance, how do you feel? Did you even care about it the first place?

[Via Joystiq]

This article was originally published on Joystiq.