Captain Nemo Movie Dead in the Water

The studio confirmed that the studio won't proceed with the film for now, and reps for the director confirmed he has withdrawn. McG will concentrate on other projects that include Dead Spy Running, a Warner Bros. drama that Stephen Gaghan is writing. McG is also attached to Terminator 5, though that movie is on hold indefinitely as the Terminator franchise works its way through bankruptcy court. McG just teamed with Borat helmer Larry Charles on a new NBC comedy.

McG, who last directed Terminator Salvation, had been attached to Captain Nemo: 20,000 Leagues Under the Sea since last January. The Bill Marsilli-scripted pic is an origin story about how Nemo constructed his warship, the Nautilus.