Since Fox and Universal decided not to fund the Halo project, Peter Jackson, acclaimed director of Lord of the Rings and King Kong, now feels that a “Rookie” skilled level director and third party funding would eventually lead to an unsuccessful Halo movie, which isn’t suitable for fans. Read the full release after the break.

As was previously confirmed, we deeply regret that both Universal and Fox did not choose to move forward with financing the Halo film under the original terms of the agreement. At this time Peter Jackson and Fran Walsh, along with their partner, Microsoft, have mutually agreed to postpone making a feature film based on the Halo video game universe until we can fulfill the promise we made to millions of Halo fans throughout the world that we would settle for no less than bringing a first class film to the big screen. We are fully supportive of Director Neill Blomkamp’s vision of the film. Neill is a tremendously gifted filmmaker and his preliminary work on Halo is truly awe-inspiring. While it will undoubtedly take a little longer for Halo to reach the big screen, we are confident that the final feature film will be well worth the wait.”

It looks like they are now in search for a new director, and a better funding routine. Maybe the story will now have to be altered if the film were to be released after the unannounced ship date of Halo 3.