We’ve been looking forward for what seems like forever to Guillermo del Toro’s big-budget, R-rated, epic adaptation of H.P. Lovecraft’s At the Mountains of Madness, with James Cameron producing. Well, now it looks like the project may not get off the ground anytime soon—and del Toro himself may have to move on.
Although a seemingly erroneous report went online earlier today that the movie was going to start shooting in June with Tom Cruise confirmed for the lead role, the story rapidly took a downward turn from there. According to Deadline, Universal Studios, which has been developing the movie with the director, is hesitant to commit $150 million to an R-rated horror film—even with Cruise interested in starring and fans everywhere salivating over the prospect of del Toro finally making his dream project after 12 years of development.