Updated: Gris Grimly offers a clarifying statement; head inside for that.
The 3D stop motion-animated re-imagining of Pinocchio was something that was always on our radar because Guillermo del Toro was on board as a co-director (with Michael Gustafson). We didn’t track the project’s every move, but we brought you the major updates. And this morning, we have some bad news.
The first read: “Short to the point update on Pinocchio for those inquiring: It appears that this is not the right time for such a superior-adventurous flick.”
In response to one of his followers, Grimly cited Frankenweenie as one reason for Pinocchio’s potential demise. “There are people like us out there. But they look at numbers. Frankenweenie was a box office failure to them.”
By “them,” I’m presuming he means the producers (Frankenweenie‘s Allison Abbate was executive producing) and/or The Jim Henson Company (the latter was overseeing the production). Frankenweenie took home $67 million worldwide; $35.2 million of that was made domestically.
Knowing Del Toro, I’m sure he’ll keep at it and try to get this made – if not at Henson, then elsewhere. But as Grimly stated, now is not the time…
Update: Grimly tells Bleeding Cool: