Disney‘s planned remake of The Beatles‘ Yellow Submarine has been shelved.
Oscar-winning director Robert Zemeckis had been planning a 3D performance-capture remake of the band’s 1968 psychedelic classic.
Hollywoodreporter.com has quoted sources as saying that the decision to pull the project is the result of the disastrous opening of the Zemeckis–produced Mars Needs Moms film.
That movie recently grossed $6.9 million (£4.3 million) in the US despite a budget of $150 million (£90 million).
Disney chiefs, however, have denied that is the cause of the decision. Company bosses have claimed that the decision to not move forward with the film was made months ago.
It is not yet clear whether Zemeckis will now shop the project round to other studios.
The new Yellow Submarine would have featured The Beatles‘ music, with plans for the Fab Four to be played by Cary Elwes, Dean Lennox Kelly, Peter Serafinowicz and Adam Campbell.