At the Mountains of Madness has had a rollercoaster week and it’s only Tuesday! On Monday we heard two conflicting reports regarding the film, one came from producer Don Murphy and the other was speculation from a trade. Murphy stated that the film was ready to begin shooting in June with Tom Cruise set to star, while other reports claimed that Universal hadn’t even greenlit the project yet. If you were confused, you should have been. Nothing made any sense — until now. The man himself, Guillermo del Toro has put it in it writing and confirmed At the Mountains of Madness is dead.

According to EW, del Toro sent an email message to a writer at The New Yorker where he stated the demise of his developing film. He said, Madness has gone dark. The ‘R’ did us in.” We knew it! Universal didn’t feel comfortable bankrolling the R rated horror film (for $150 million) because they knew it would take a miracle for them to recoup their investment. Apparently, it would have to generate $500 million in worldwide grosses for the studio to see a profit.

This means that the future of the film doesn’t look great. It’s dead today but it could definitely see a revival down the line. We’ll just have to wait and see.

What do you think about At the Mountains of Madness being scrapped? Are you saddened by the decision?