An adaptation of Yann Martel’s acclaimed novel Life of Pi has been in development for years now, but it seemed like its cinematic reality was imminent. Ang Lee (Brokeback Mountain) was on board to direct to the would-be 3D picture with an allotted $70 million budget, and persistent producer Elizabeth Gabler was targeting an August shoot for a 2012 release.
And yet, 24 Frames reports that it appears the project has been put on hold. Until Lee and producer Gil Netter can find a way to come up with a lower number, the adaptation will not move forward at the current budget.
Sustained by Gabler’s passion for the project, Pi has attracted an array of notable suitors over the years: M. Night Shyamalan, Alfonso Cuarón, and Jean-Pierre Jeunet have all been attached at some point to depict the tale of a teenage boy stranded at sea with a Bengal tiger. Hit the jump for a full plot synopsis.