Disney is halting production on Captain Nemo: 20,000 Leagues Under the Sea, which was tentatively scheduled to begin in February with McG at the helm, who is no longer attached.

According to Variety, the studio confirmed that it won't proceed with the film for now, and reps for the director confirmed he has withdrawn. While names like Will Smith were rumored as possible stars, no cast was ever set. The project had been on a fast track under the Dick Cook regime.

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Studio says the film is still priority under new chief Rich Ross, but no new production date has been scheduled.