Director Guillermo Del Toro took a chance on a vision, and it seems it hasn’t worked out for him. Â He walked out on The Hobbit films when MGM’s bankruptcy issues cause the project to stall. Â He decided he wanted to make a new kind of horror movie that combined slick 3D effects with the whole indie vibe that true horror lovers really go for.
The movie was going to be an adaptation of HP Lovecraft’s At The Mountains of Madness. Â Tom Cruise was slated in the starring role. Â Unfortunately, Universal Studios has shut down the project for good, just as The Hobbit movies are starting to be filmed. Â Universal’s argument is that while Del Toro is a good director, right now the studio has to concentrate on real money-makers, and since the Del Toro has made critically acclaimed films that have under-performed at the box office, they’re not willing to take a chance on a new film by him at his time.