Nine years after Meg, Steve Alten's tale of an 80-foot-long prehistoric shark, hit Hollywood, the project is still waiting to be made, according to Variety.

While Alten has already published two book sequels, the original film property has stalled, first at Disney and more recently at New Line.

Like many would-be tentpoles, the movie fell victim to escalating costs as well as New Line's focus on other pricey films. New Line picked up the rights last year and put the movie on the fast track for a 2006 release. At the time, it was hoping to make Meg for $75 million, with a significant chunk financed by selling off foreign distribution rights. But when the estimated budget came in much higher -- some put the figure at $150 million, mostly due to costly f/x -- New Line began scaling back.

Now, the film is looking to shoot this spring for a summer 2008 release, at the earliest.

Director Jan De Bont says, "I have no doubt Meg will swim." Alten says he won't begin Meg 4: Hell's Aquarium until the filmc is greenlit. "I need the movie to generate publicity for that book," he says.