We already knew that Warner Bros. had picked up David Dobkin’s spec script Arthur & Lancelot, but now we know for how much and, more importantly, when we’ll be seeing the flick. Deadline reports that Warners paid $2 million to beat out Universal and Fox for the contemporary re-imaging of King Arthur and Sir Lancelot. The movie, budgeted at $90 million, will be fast tracked for a March 15, 2013 release date and the purchase has basically killed Bryan Singer’s remake of John Boorman’s Excalibur and Guy Ritchie’s non-remake but King Arthur movie also titled Excalibur.
Dobkin told Steve that he hopes to begin filming in January in London and that he has basically rebuilt the Arthurian legend from the ground-up. Hit the jump for Dobkin’s explanation of what he’s going for with Arthur & Lancelot. There are currently no other films set to open on March 15, 2013.