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Guillermo Del Toro Moves from ‘Mountains of Madness’ to ‘Pacific Rim’

Twelve hours after announcing a star and start date, Universal’s A-List horror production goes under.

Guillermo Del Toro Moves from 'Mountains of Madness' to 'Pacific Rim'

Much like the works of H.P. Lovecraft, the world of movie news is a dark, foreboding place where the weak-willed fear to tread. Case in point: yesterday the internet was abuzz with news from producer Don Murphy that Pan’s Labyrinth director Guillermo Del Toro finally had a start date (June 2011) and star (Tom Cruise) for his long-gestating big-budget adaptation of Lovecraft’s classic tale At the Mountains of Madness. The respectable news site io9 had the story, straight from the producer’s mouth. Barely twelve hours later it was revealed that Murphy’s was the mouth of madness: not only has Tom Cruise not officially signed, but it looks like the entire project has been scuttled thanks to bigwigs at Universal who are skeptical of the $150 million budgeted R-rated horror epic’s profitability. Hollywood Reporter had the most recent update.

See? This is why sometimes we wait to cover stories like this. Just last week we posted a story about Trent Reznor accepting a role in Abraham Lincoln: Vampire Hunter, only to have to retract it as a rumor. Then of course Reznor confirmed it himself. Movie news is just not for the faint of heart.

Then again neither is moviemaking, as Del Toro himself must be feeling right now. Despite the involvement of producer James Cameron- someone you’d think studios would have a little faith in by now – At the Mountains of Madness is being put on hold, again, so Del Toro can start shooting one of his other projects: Pacific Rim. Little is known about this film other than that it’s about extraterrestrial monsters threatening life on Earth, so it should be right up Del Toro’s alley.

In the meantime Del Toro is apparently looking to take Madness to another studio, which should be a fairly easy transition since, like most of Lovecraft’s stories, it’s in the public domain. Fox is a serious possibility, since they would probably trust James Cameron to juggle nuclear warheads at this point.

Crave Online will be back with more Guillermo Del Toro news because he’s really, really busy like… all the time.