UPDATE: According to Deadline.com, it appears that Media Rights Capital (MRC) is now "in serious talks" to fund Imagine's Dark Tower project.
This news comes on the heels of MRC's break-out success with this summer's Ted. This should be welcome news to the Constant Reader as Ted has proven to be a highly successfull R-rated film that contains flawless CGI and human interaction. More news as it happens.
Online news sources including Entertainment Weekly and The Hollywood Reporter have posted that Warner Brothers has officially passed on Imagine Entertainment's long troubled adaptation of The Dark Tower series.
While no single reason was given for the studios withdrawal, it appears that most insiders believe that series would require a strong R rating that would greatly cut into the profitability of creating such an expensive mega-franchise.
Additionally, the constant reader will learn, no final version of the script was ever agreed upon by all team members regardless of the studios official decline.
When asked about the status of the project, Stephen commented that there is still much interest in the project and that news regarding the series should be announced this fall.
We'll post more updates as they become available. (Ron Howard and Brian Grazer have yet to comment on Warner's decision.)
