IESB has learned Steven Spielberg is "in active negotiations" to get his hands on the immensely popular Halo game franchise to resuscitate the deceased movie. Read below for an excerpt from their article:

IESB has learned exclusively (believe me this is solid and I've confirmed it three times over with studio executives and our close ties to CAA) that one of the biggest producers in Hollywood history is currently in active negotiations to develop the feature film adaptation and no it's not Jerry Bruckheimer or Peter Jackson. It's the man behind Jaws, E.T., Indiana Jones and Transformers, Mr. Steven Spielberg.

Spielberg is blown away by writer Stuart Beattie's take on the game in his script entitled HALO THE FALL OF REACH. This coupled with the fact that his Dreamworks umbrella is looking for a big tent pole to help launch their newly independant studio with distribution over at Walt Disney Pictures after losing Transformers to Paramount in the separation, it's the perfect combination.

Also, Spielberg is a huge gaming fan. His prodigal star Shia LaBeouf has been quoted talking about Spielberg being stuck on the 15th level of BioShock recently.

Recently, sites have been reporting that the HALO project is completely dead after it halted under the guidance of Peter Jackson and director Neil Blomkamp with 20th Century Fox distributing.

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Halo was to be released in 2008 based on the popular Microsoft videogame. In the game, Master Chief, the last Spartan, and a brave band of human soldiers risk everything to halt the terrifying Covenant onslaught.