Via The Chicago Tribune (The Wertzone):

“The Dark Tower” sleeps with fishes.

Universal’s ambitious adaptation of Stephen King’s fantasy series has been canceled, TheWrap has confirmed.

The first film was slated to begin production this summer, but shooting was delayed last spring with the studio announcing that it needed to make the project more cost-effective.

That temporary delay became permanent this week, and now deprives Universal of a film series that it had hoped to make a linchpin for its film slate for years to come.

The studio declined to comment.

[…]

But in cutting “The Dark Tower” from its schedule, Universal does run the risk of alienating one of its most loyal and profitable partners, Imagine Entertainment. Howard and Grazer’s production company has earned millions of dollars in profits for the studio with hits such as “American Gangster” and “A Beautiful Mind.”

On Monday, Universal apparently decided that the risk was so great that “The Dark Tower” wouldn’t join that list.

I’m shocked. Truly I am– Oh, wait. No I’m not.