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Universal Puts Bioshock On Hold

bioshock-042709Univeral Pictures has put a hold on the Gore Verbinski-helmed live-action adaptation of the bestselling video game, Bioshock, citing concerns over the mounting budget.  Although the film was only in pre-production, the studio has halted that — even letting some staff go — as they work with Verbinski to figure out a way to reduce the budget:

“We were asked by Universal to move the film outside the U.S. to take advantage of a tax credit,” Verbinski said. “We are evaluating whether this is something we want to do. In the meantime, the film is in a holding pattern.”

The plan was the shoot in Los Angeles, but that changed when the budget rose to about $160 million.  The two sides are looking at alternative, such as shooting in London, to cut down costs.

Source: Variety