Halo Movie Dead Again - The UpStream

Following in the footsteps of the World of Warcraft film, it turns out that the Halo movie has also died an undignified death. According to Peter Jackson,

Microsoft has a whole strategy with the Halo property, and when the rights expired with the two studios, that sort of ended my involvement with the project. That fell apart because of internal politics at Fox and Universal. It had nothing to do with the budget or anything else. In fact, we hadn't even been greenlit at all at that point.

So, internal politics between studios was the culprit? Sounds like what almost happened with Watchmen. Obviously, though, there is no way Microsoft is going to let such a big name franchise not make it to the big screen. We know Microsoft is committed to milking the franchise as hard as they can until the milk turns sour, so expect to see Halo: The Movie eventually.