Latest word coming in from Gamespot is that the 'Halo' movie, based on the immensely popular Xbox game may be coming your way in 2007, later than previously expected. Variety is reporting that Fox and Universal have their sights set on 2007 (Summer to be exact) to bring us the Master Chief.The franchise itself has bagged more than $600 million in sales and merchandise, with Halo 2 netting $125 million on its first day of release, it was really only a matter of time before Hollywood realized the potential of the game as a movie.
However, negotiating a movie deal proved as challenging as taking down a Covenant dropship, as several studios surprisingly passed on producing a Halo movie. The reason: Film studios may be used to kowtowing to A-list actors' demands, but they don't typically cave in to requests from non-Hollywood players. Initial reports saw the software giant asking for $10 million against 15 percent of the gross (whichever is higher), a below-the-line budget of $75 million (budget before hiring actors and crew), near-immediate production of the movie, and a large say in the creative development of the movie.
Fox and Universal eventually bent and accepted the project, paying Microsoft $5 million against 10 percent of the gross. Universal will oversee production and domestic distribution, and Fox will handle all overseas operations.
Halo goes Hollywood in '07
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