Here we go again! After a number of set backs too numerous to recount here, The Crow is about to hit another wall. This remake of the Alex Proyas comic book adaptation from 1994 has been in development forever, and has gone through quite a few directors and leading men. Now, The Wrap reports that director Corin Hardy is getting ready to fly the coop.
Producer Edward R. Pressman has filed an objection to the inclusion of The Crow in Relativity Media's assets as it prepares for a sale following its declaration of bankruptcy. Thus far, Relativity Media claims to have sunk over $7 million into the fledgling project since at least 2010. This includes $2.5 million to exercise the options to acquire and maintain the franchise rights, which includes sequel, prequels and remakes. These rights are set to revert back to Edward R. Pressman if principle photography hasn't started within three years from when the deal was first struck.
That time is now just 18 months away. Pressman filed his objection in U.S. Bankruptcy Court in New York because the bidder most likely to acquire Relatiivity's film and TV assets hasn't provided "adequate assurance of future performance". He's deeply concerned that Relativity's new owner won't be able to finance The Crow, nor be able to release it on no less than 1,000 screens. The film still requires an investment of no less than $10 to $12 million dollars, which the leading-horse bidder doesn't indicate they'll be able to provide.
At this time, The Crow is without a leading man. Jack Huston, who was only the latest in a long line of actors who have signed on or shown interest in the movie, bailed on the project months ago citing scheduling issues. Now, Pressman claims that his director is on the verge of leaving as well. Corin Hardy is being called 'a key creative element' in the production. The producer states the following.
"The production of the picture is imploding even as the time to make the picture is running out under the Crow contract."
Since Relativity Media filed bankruptcy, several studios and other well-financed producers have expressed interest in taking over the property. Some have even attempted to negotiate a deal. But Relativity has turned them all down, calling the remake its most valuable asset in a depleted development stable. But at this time, the producer doesn't want Relativity to be able to include The Crow rights in the imminent sale unless the winning bidder ensures that they will finance the project and release the finished film in theaters as the current contract states. At this time, Relativity has no comment on the matter.