Universal Cancels 'The Dark Tower'

darktower_CoverBeen waiting for further confirmation, but it seems Deadline’s  report of  Universal Studios cancellation of Ron Howard and Akiva Goldsman’s adaption of Steven King’s THE DARK TOWER is correct.
There have been no detailed announcements as the the reasons, but it seems that the studio just couldn’t justify the budgets for the three planned feature films, supported by a seperate TV series to bring King’s epic horror/western fantasy to the screen.
It’s speculated that Universal might have been willing to greenlight one film at a reduced, but still substantial budget, but not the massive commitment the producers were demanding.
The project is not dead, Howard and Goldsman are free to shop it around to other studios, but the feature and mini-series approach might well remain a stumbling block.