Despite setbacks, The Crow comic creator promises film reboot is still happening

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Aug 18, 2015, 2:51 PM EDT

To most observers, the upcoming reboot of The Crow looks to be dead in the water. It lost its star, and the studio doesn’t have enough money to make it. But the man who created it all promises the film is still very much happening. 

James O’Barr, who created the original comic, participated in a panel at Twin Tiers Comic Con in Elmira, N.Y., and discussed the troubled film. Despite the setbacks, O’Barr said the film is “still very much a live property.” The studio fronting the project, Relativity Media, has declared bankruptcy. But, at least according to O’Barr, there are other studios waiting in the wings to pick up the tab.

Here’s an excerpt of his comments:

“The company, Pressman Films, that owns The Crow film and TV rights, licensed it to a studio named Relativity. And Relativity made like a hundred bad movies and lost money so now they’re in financial trouble. So the producers are just going to take it to another studio if Relativity can’t get backing again. It’s going to happen. I talked to Pressman Films a couple of weeks ago and they said within two or three weeks, we should have it placed at a new studio. Because the day Relativity announced that they were having financial problems, there were like a dozen other studios that called about getting The Crow property. It definitely will happen.”

The film was originally scheduled to already be in production, but when would-be star Luke Evans (and then Jack Huston) dropped out, things started to look dire. After the studio’s financial woes, production was “suspended,” which is where the project currently remains.

O’Barr has been intimately involved in the development of the reboot, which gives us hope this could be a fresh (and more faithful) adaptation of his original comic. Do you think another studio will jump in to save the day?

(Via Collider)