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‘Halo’ Movie Loses Studio Backing

Universal Studios and Fox Studios have cut their participation in funding the game-based movie, apparently over budget concerns.

The movie, an adaption of the very successful Xbox series, was said to have been approaching a budget of $200 million, though studio reps will only confirm a pricetag in the neighborhood of $150 million, minus a reduction of 12.5% for shooting in New Zealand.

Its suspected that both studios were uneasy with the deal that Microsoft (the game’s publisher) was set to receive, and were negotiating to lower it.  That deal was for a $5 million upfront payment and 10% of the films gross.

‘Halo’ pic loses its studios [Variety]