Guillermo Del Toro’s ‘Pinocchio’ May Not Happen After All

Guillermo Del Toro’s Pinocchio has reportedly hit a major speed bump on its way to the big screen.

Although the stop-motion version of the classic tale was reportedly taking shape, it would seem that a recent box office failure has derailed the project. According to Shock Till You Drop, Del Toro’s Pinocchio has been placed on the back burner thanks to Tim Burton’s Frankenweeine.

Writer Gris Grimly recent took to Twitter in an effort to update fans about the production’s status. Although many were hoping to see the director’s take on the story, it would seem that Frankenweenie’s performance made producers reconsider the project.

Although the tweets were removed, the folks at Bleeding Cool managed to grab them before they vanished from the micro-blogging site.

Grimly wrote:

“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. There are people like us out there. But they look at numbers. ‘Frankenweenie’ was a box office failure to them.”

According to Box Office Mojo, Tim Burton’s Frankenweenie wasn’t a smashing success during its theatrical run last year. The film earned around $35 million at the domestic box office, while foreign markets brought in roughly $31 million. Although the movie managed to recoup its production budget, the film wasn’t the hit the studio was hoping for.

If these reports are true, then Guillermo Del Toro’s Pinocchio could be dead in the water for the time being. Fortunately for fans of the acclaimed filmmaker, Del Toro still has a number of projects headed to the big screen.

In addition to his giant robot movie Pacific Rim, the Hellboy director is currently putting together a haunted house movie called Crimson Peak with Emma Stone. The horror flick goes before the camera at some point next year.

Are you disappointed that Guillermo Del Toro’s Pinocchio may not make it to theaters?