EXCLUSIVE: Warner Bros is in, and Sony Pictures and New Regency are out of The Juliet, an adaptation of the Alfred Bester short story that was developed by Charles Roven’s Atlas Entertainment. The film has a script by Henry Bean that is being rewritten by Paul Haggis, and Snow White And The Huntsman helmer Rupert Sanders is attached to direct. At one point it looked like Sony would make it this spring. Atlas’s Roven and Alex Gartner are producing with Frank Beddor of Automatic Pictures.
It makes me wonder, what is going on in Hollywood? I have been around long enough that I actually broke the story of when Warner Bros, clashing with John Hughes over $2 million in budget, allowed Fox to grab Home Alone and turn the $18 million film into a $477 million worldwide gross blockbuster. After that, studios used to never let projects go for fear of being embarrassed, a possibility that was reinforced when Paramount inexplicably let the option lapse on the Twilight Saga, the billion-dollar franchise that built Summit Entertainment. Studios used to keep everything, or heap on overhead costs that made them prohibitively expensive, or attach first-dollar-gross obligations, like the 5 percent that Harvey Weinstein got on The Lord Of The Rings and is trying to enforce on The Hobbit.