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Comcast kills off Stephen King movie series

Filmmaker Ron Howard speaks during the 2011 Tribeca Film Festival at SVA Theater on April 30, 2011 in New York City.

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Kai Ryssdal: Fans of Stephen King will be disappointed to hear that Universal Studios doesn't share their devotion to the master of all things really and truly scary. Universal's parent company Comcast -- that is, the one paying the bills -- has canceled what was planned to be a mega-movie franchise and television series built around King's The Dark Tower books. The project was announced last fall -- Ron Howard and Javier Bardem were attached, as they say in Hollywood.

So why would the company spike a project with such headliner names? Sally Herships has the story.


Sally Herships: Fantasy can be expensive -- especially stories that span deserts, oceans, even portals, to different worlds. That kind of magical tale appears to cost more than Comcast is willing to pay.

Brett Lang: The Dark Tower is an extraordinarily ambitious project. It's also an extraordinarily expensive project.

Brent Lang is a reporter at TheWrap.com. He says it could cost more than $100 million to make just one of these Stephen King films. But Universal's new owner, Comcast, is frugal by Hollywood standards.

Max Dawson is a professor at Northwestern University.

Max Dawson: And as typically takes place any time one of these sorts of ownership changes occurs, the new owners have to evaluate whether or not they're willing to go forward with some of the commitments and investments that the previous owners had intended to make.

Dawson says big names like director Ron Howard and star Javier Bardem can be enticing. But they can also mean big paychecks.

Dawson: If you're looking at your budgets and you're trying to reconcile your investments with the terrible performance that some of the divisions of NBC Universal have had in recent years.

You might also be apprehensive about pouring this much cash into a project, which is almost George Lucas-esque in terms of its ambition. But Dawson says Comcast doesn't have to take chances. The company still has plenty of profits to fall back on -- from cable TV.

I'm Sally Herships for Marketplace.

About the author

Sally Herships is a regular contributor to Marketplace.
Sam Mandke's picture
Sam Mandke - Jul 20, 2011

Sounds like Comcast is just cheap. Unlike NBC's other attempts, the Dark Tower series is a well established franchise with a loyal following. In a world where cable channels like HBO, AMC, and Showtime are now driving the television series genre, you have to come up with something big.

Tara Kirby's picture
Tara Kirby - Jul 20, 2011

I was disappointed that you didn't mention HBO's Game of Thrones" in your piece about Comcast and the Dark Tower; it's the perfect example of how a media company can take on a risky, high-budget fantasy series, and reap big rewards. This also would have made a perfect segue into your next story about Comic-con, since GOT has a big presence there this year.