Just a couple of weeks after we heard the encouraging Gore Verbinski news we receive a bomb-shell from Universal Studios. It appears that the budget for the underwater feature has been spiraling out of control, reaching values around $160m, and in a move to cut costs (to say $100m) a number of production staff have been let go. Other measures include scouting for cheaper filming locations, e.g. London.
“We were asked by Universal to move the film outside the U.S. to take advantage of a tax credit. […] We are evaluating whether this is something we want to do. In the meantime, the film is in a holding pattern.”
Both the game and movie studios vow that this will not descend into another Halo movie fiasco which has seen production indefinitely halted.