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'Halo' Film Postponed

Funding may be an issue.

Microsoft

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and its movie-industry partners have postponed a film based on the popular

Halo

video game.

The company did not give a reason for the postponement, saying simply in a prepared statement that: "At this time Microsoft, Peter Jackson and Fran Walsh have mutually agreed to postpone making a feature film based on the

Halo

video game."

However, the decision may well have to do with funding. Earlier this month,

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General Electic's

Universal Studios

and

News Corp's

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20th Century Fox dropped out as backers after reportedly attempting to renegotiate the terms of the deal.

A spokesman for the software giant said Jackson is still committed to helping Microsoft

develop a new generation of games based on the

Halo

universe.