
According to Variety, Universal Pictures has decided to stop production on a live-action film of Bioshock due to budget reasons. The Bioshock movie, which is being directed by Pirates of the Caribbean director Gore Verbinski, was set to begin filming in Los Angeles, California, but Universal selected to temporarily put things on hold until its estimated budget of $160 million can be reevaluated.
Despite the set back, Verbinski and Variety’s sources inside Universal Pictures have said that they still fully intend on finishing the movie. The obstacles are purely financial, and Verbinski and Universal are already planning to film in London instead of Los Angeles to cut back on expenses.
“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.”
In 2006, Universal Pictures and Fox pulled the plug on a live-action adaptation of the Halo series when it was rumored that production costs were projected to far exceed the film’s budget of $135 million. Neil Blomkamp was set to direct the film, and Peter Jackson was also attached to the movie as producer.
To date, film adaptations of video games have enjoyed varied success. The Hitman film (starring Timothy Olyphant and produced by Luc Besson) turned a profit by grossing $100 million on its budget of $70 million. However, the doomed CGI film Final Fantasy: The Spirits Within bombed in the box-office, losing approximately $94 million and almost bankrupting Squaresoft. Other video game films like BloodRayne and Alone in the Dark (both directed by German filmmaker Uwe Boll) have been blasted by critics and proclaimed as some of the worst movies ever made.
Bioshock was originally slated for a release in 2010. No announcement of a new release date has yet to be issued by Universal Pictures.

