Studio says no to Steven Spielberg, Peter Jackson

www.latimes.com - 19th Sep 2008

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Steven Spielberg: Squeezed by rising costs and leveling revenues, Universal Pictures declines to finance 'Tintin.' Steven Spielberg and Peter Jackson don't hear "no" very often. Read full story at www.latimes.com

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Universal Logo Nikki Finke writes: I just heard that Universal has declined to exercise an option to co-finance DreamWorks’ Tintin with Steven Spielberg and Peter Jackson set to begin filming in October. The decision was quietly made a few weeks ago. So now DreamWorks will look only to owner Paramount for the rest of the moolah in the same way the two shared financing on Dreamgirls and Transformers. Unfortunately, Paramount is presently without an overall financing deal to mitigate risk, but is arrang

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Back in August we wrote that there seemed to be some confusion over who would be directing the long-in-the-works Tintin - Steven Spielberg or Peter Jackson. A recent article in the LA Times reinforces what most have thought for a while - that Spielberg would direct the first film of the three films, while Jackson the second - but brings up a much larger concern for the duo and the project. Reportedly, Universal has backed out of co-financing the production with Paramount, rejecting the $130 million budget.

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Steven Spielberg used to be the most bankable director in Hollywood. But now that that he's locked in combat with Paramount's Brad Grey, he'?s having trouble getting his next big movie made. For more than 25 years, Spielberg has contemplated movie based on Tintin, the classic European comic series about the adventures of a young reporter. Spielberg and producer Kathleen Kennedy have intermittently held the rights to property. Lord of the Rings director Peter Jackson is also been a fan of the character.

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Universal Pictures has recoiled at the cost of the 3-D animated movie adaptation of the adventures of Tintin by two of Hollywood's top directors, Steven Spielberg and Peter Jackson, the Los Angeles Times reported Friday. The two legendary directors submitted to Universal a 130 million dollar budget to produce a trilogy of films based on the beloved Belgian comic-strip boy reporter. But Universal refused to green light the project, and production, scheduled to begin in October, is

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