'The Alchemist' movie adaptation once again takes a hit after two decades of prior cancellation
‘s journey to the screen has turned to lead. Sources tellthat financing has hit undisclosed obstacles. The project has been shut down, and the crew sent home, according to sources.
However, a production spokesperson said the film remains fully financed and instead ran into a rights-transfer issue. The issue is anticipated to be resolved in the coming days and the project back on track within weeks, potentially. “This isn’t a financing issue, this is just an issue with a rights transfer,” the spokesperson said via email. “There was a gap in an ordinary-course execution of the production rights transfer, and as a result, production entered a temporary shutdown. We expect to be back up and running with our incredible cast and crew as soon as the rights transfer concludes, and we can get everyone back on set.
Warner Bros. first acquired the film rights from the Brazilian author in the early ’90s. Laurence Fishburne, a fan of the novel, acquired the film rights from the studio, with plans to adapt and direct the film himself. It was in 2008 that The Weinstein Co. would attach themselves as producers, partnering with Fishburne and buying the film rights.
In 2015, it was reported that Idris Elba was attached to star in the Weinstein adaptation, with Fishburne set to direct, but the project was put into turnaround some months later and in 2016 PalmStar acquired film rights and the developed screenplays for $5 million. At this time, Fishburne was still attached to direct. “It has just come back around again,” Fishburne told
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