Budget puts Bioshock on hold

Director Gore Verbinski recently announced that he would be working on the movie adaptation of Bioshock instead of directing Pirates of the Caribbean 4, however Universal have now put the film on hold while they find a way to reduce the budget.

From Variety:

Universal Pictures has put the brakes on “Bioshock,” the Gore Verbinski-directed live action adaptation of the bestselling Take-Two Interactive vidgame. The picture was in pre-production, but the studio has halted that effort–and let some production staff go–as Universal and Verbinski figure out a way to make the film at a more reasonable budget.

Sources said that the John Logan-scripted picture was gearing up to shoot in Los Angeles, but that changed when the budget rose to the vicinity of $160 million. U and Verbinski are looking at alternatives like shooting in London as a way to pare costs. The plotline takes place in the underwater city Rapture, where a pilot crash-lands near a secret entrance and becomes involved in a power struggle.

“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.”

Variety go on to say that everyone involved intends to make the film, and that it won’t become another Halo (with studios bailing due to costs) so fans should not be too worried. Ridley Scott’s Robin Hood experienced a similar situation, but is now filming after they found a way to reduce the budget.