Microsoft plans to continue production of their Halo movie.
Microsoft released an official statement on the Bungie website confirming the continuing production of the Halo movie.
The official Microsoft statement explains: "We are disappointed that Universal and Fox wanted to significantly renegotiate the financial points of the deal. But the Halo franchise is hugely popular and our goal remains the same - to find a partner that shares our passion and will creatively collaborate with us to best represent the story and spirit of the Halo franchise. Peter Jackson, Fran Walsh and the rest of the creative team are dedicated to ensuring the Halo movie becomes a reality. We are already in discussions with potential partners who recognize the value of the Halo brand and its appeal to consumers worldwide."
Bungie, the developer of the Halo games, added, "Frankly we're interested in making the best movie, and it's possible that a partner who's more concerned with numbers, might not be the best partner for what's more vitally a creative process. Suffice it to say that Peter, Neill, Fran and Microsoft are as excited and dedicated as ever and WETA continues the pre-production process."