UPDATE: Bad news. Deadline is now reporting that pre-production staff on The Dark Tower has been put on hiatus as the budget issues are worked out. Read more after the jump.

Just when things seemed too good to be true for fans of Stephen King‘s The Dark Tower, that just might be the case. Last year, Universal announced an ambitious plan to adapt the popular series of novels beginning with a film version directed by Ron Howard and followed by multiple theatrical sequels and television events covering the seven current books. The series tells the sprawling and epic tale of Roland Deschain, the last in a mythic order of men called The Gunslingers, who is on a quest through a magical western world to find the Dark Tower, where all answers will be revealed. Brian Grazer was set to produce, Akiva Goldsmith was writing the script and Oscar-winner Javier Bardem was all but set to play Deschain. Things were looking good.

Now Variety reports that Universal is beginning to have second thoughts on the epic production and, in the coming days, could decide to put it in turnaround. That could result in another studio taking over or the project dying a slow death. Read More »

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