Del Toro and Cameron to explore Lovecraft's Mountains of Madness?

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Over at Deadline New York, Mike Fleming suggests that Guillermo Del Toro’s next directorial effort with be his long-in-gestation adaptation of H.P. Lovecraft’s novel At the Mountains of Madness, with – get this – James Cameron producing. If true, the news is certainly a welcome surprise; only last month, Del Toro was saying that the project was as frozen in limbo as the Old Ones trapped in the Antarctic ice of Lovecraft’s tale.
But is it true? Fleming is far from conclusive, writing:

I’m hearing he will next direct At The Mountains Of Madness, an adaptation of the HP Lovecraft tale that will be shot as a 3D film for Universal Pictures. The big surprise is that  Avatar director James Cameron will come aboard as a producer. Del Toro was non-committal when I asked him about the prospect of Mountains days ago as we discussed the Comic-Con reaction to Don’t Be Afraid of the Dark. But when del Toro announced at Comic-Con he’d cowrite and produce Haunted Mansion, he told the crowd he’d set his next film shortly, and that it would be scary. At the Mountains of Madness fits that bill…

The language is a bit hedged (“I’m hearing…”). Also, it contradicts Variety’s report that Del Toro would direct THE HAUNTED MANSION for Walt Disney Pictures, not merely produce and co-write. Still, we can hope? As tantalizing as is the prospect of  Del Toro-directed HAUNTED MANSION, far more awesome in the scope of its eldritch grandeur would be an arcane exploration of the vast subterranean citadel situated beneath the hoary Plateau of Leng, where the wind gibbers and fulminates with secrets no mere mortal mind dare grasp without fear of mental obliteration.
Let’s all lean back and give out an optimistically triumphant shout of “Tekeli-li! Tekeli-li!

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