It looks like New Line is letting their option run out on Meg. The giant shark movie will have to find another studio to fund its gaping maw. We get the scoop from the author of Meg Steve Alten via our friends at the moviehole:
MEG MOVIE: Extinct at New Line Cinema.
Yes, this is bad news mostly in the wasted two years. The key execs at New Line always treated MEG like an unwanted stepchild, and now, with my option set to expire in October, the[y] decided NOT to proceed.
In a way this is actually GOOD news. The MEG movie WILL HAPPEN and it is better to wait and do it right with the right team than accept mediocrity. From now until October 30th (the day I officially get MEG back) we’ll be hard at work! Until then, I am restricted from offering details publicly because (technically) New Line still owns the rights to MEG. There are many people at New Line that really did work very hard on MEG and I appreciate their efforts. No bad feelings let’s just move on and work with the right studio that ACTUALLY WANTS TO MAKE A GREAT MOVIE AND OWN A BILLION DOLLAR FRANCHISE.
This is not very uplifting news. I was looking forward to some massive shark action, now I will have to do without. A boy without a shark is like an alligator without a windmill.
I thought everything was good to go with this film, I was certainly startled to read this news today. I hope as we wait for Meg to be released another giant animal movie will tide us over. I am thinking they should do a movie about rabid mutant armadillos in the American south. At first they fight the giant armadillos; but in time scientists learn to communicate with them, and the animals become patriotic citizens. Meg, I am over you – now I wait for movies about giant armadillos.
