Universal Pictures has decided not to move forward with the actioner Term Life. The film was set to star Vince Vaughn as a professional thief who finds himself the target of mob bosses, contract killers, and dirty cops, with Couples Retreat helmer Peter Billingsley onboard to direct. Just last month Hailee Steinfeld signed on to play Vaughn’s daughter, whom he takes on the run while he waits for his life insurance policy to kick in so that she can become the beneficiary, but Deadline now reports that Universal has opted not to greenlight the pic.
The move comes as the studio has undergone some changes at the executive level, so perhaps the project didn’t gel with the new regime. Vaughn was set to produce Term Life through his Wild West Picture Productions banner, but it’s unclear if he will try to set the project up elsewhere. The actor is currently filming the comedy Business Trip with Dave Franco and will next be seen in Delivery Man, which opens next month.