After months of negotiations and uncertainty, The Hollywood Reporter has broken the news that Warner Brothers has passed on director Ron Howard’s adaptation of Stephen King’s The Dark Tower. The highly-ambitious project would have consisted of three movies and two TV miniseries, but the studio felt like the investment was likely too big while the potential profits would be too unpredictable. This news comes down just months after Universal passed on the project with similar concerns.

However, there is a glimmer of hope for King fans because Deadline is now reporting that Media Rights Capital is in talks to help finance the movie. This would make Dark Tower an easier sell to a studio if an independent group helps to offset some of the costs.

MRC is perhaps best known for financially backing Ted for Seth MacFarlane and Fox. Nothing is confirmed yet, but it looks like The Dark Tower isn’t quite dead in the water.

[via The Hollywood Reporter, Deadline]