According to Variety, Master Chief is gunning for the bigscreen in summer '07.

Fox and Universal have closed their deal to make a movie based on Microsoft's hit vidgame "Halo," with plans for a tentpole in two years. Studios will pay the tech giant $5 million against 10% of the gross.

Universal will oversee the production and is handling domestic distribution, while Fox will take foreign distrib. Studios will split revenues 50/50 out of a shared pot.

Former Columbia prexy Peter Schlessel, who served as a Hollywood liaison for Microsoft, is producing. "28 Days Later" scribe Alex Garland was paid $1 million by Microsoft to pen a script that met its approval (Daily Variety, Feb. 4). He'll now do a rewrite with studio notes, after which U will go out to directors.