Microsoft to finance Halo movie
WinInfo | at | by Mike
After a strange game of financial chicken with movie-industry bigwigs, Microsoft has decided to pursue alternative financing for the upcoming "Halo" movie, currently in preproduction. The movie will be based on the successful Xbox video game series.
Earlier this month, Universal and 20th Century Fox attempted to refinance the funding and distribution of the movie just ahead of a key October 15 milestone date, after which both studios would have been bound by the previous agreement. When Executive Producer Peter Jackson (director of the "Lord of the Rings" trilogy) and Microsoft refused to meet the studios' new terms, Universal and 20th Century Fox pulled out of the project, taking their money with them.