Steven Spielberg and Will Smith's update of South Korean film Oldboy has reportedly been scrapped.Mandate Pictures and Spielberg's DreamWorks were in the process of securing story rights to the movie when the latter "walked away", reports Latino Review. The production companies apparently "didn't see eye-to-eye" on the terms of the deal.
Director Chan-Wook's Oldboy, released in 2003, is a dark and violent revenge tale that involves torture and murder. Voters on CNN named it one of the ten best Asian films ever made.
The Smith/Spielberg production was believed to be based on the picture's original source material, a Japanese manga by Nobuaki Minegishi and Garon Tsuchiya.