Universal Studios has decided to pass on director Guillermo del Toro's expensive adaptation of At the Mountain of Madness due to concerns over the film’s R rating, according to Deadline. Studios often try to stay away from giving R rated movies a large budget due to concerns over the lack of younger crowds allowed to see these films and the effect that has on their total revenue.
The film, based off of H.P. Lovecraft’s classic novel of the same name, would have revolved around the discovery of alien life frozen in the arctic. James Cameron was also set to produce the film while Tom Cruise was said to be interested in the lead.
While Universal has passed on it, there is still a possibility that either Universal will revisit the project down the line or del Toro and Cameron will move to a different studio. In the meantime, Deadline is also reporting that del Toro might move ahead with another project, the monster movie Pacific Rim.