![]() attached themselves as producers, partnering with Fishburne and buying the film rights. Laurence Fishburne, a fan of the novel, acquired the film rights from the studio, with plans to adapt and direct the film himself. first acquired the film rights from the Brazilian author in the early `90s. We expect to be back up and running with our incredible cast and crew as soon as the rights transfer concludes, and we can get everyone back on set," the spokesperson added.Ĭoelho`s novel, which has sold over 100 million copies since its 1988 publication and holds the Guinness World Record for most translated work by a living author, focuses on a young Spanish shepherd who has a dream and embarks on a quest to find hidden treasure in the great pyramids of Egypt.As per The Hollywood Reporter, Warner Bros. "This isn`t a financing issue, this is just an issue with a rights transfer," the spokesperson said via email."There was a gap in an ordinary-course execution of the production rights transfer, and as a result, production entered a temporary shutdown. The issue is anticipated to be resolved in the coming days and the project back on track within weeks, potentially. However, a production spokesperson said the film remains fully financed and instead ran into a rights-transfer issue. The project has been shut down, and the crew sent home, according to sources, the outlet has learned. Sources told The Hollywood Reporter that financing has hit undisclosed obstacles. ![]() ![]() However, now, with the project in preproduction and crew and some cast already on the ground, the movie`s journey to the screen has turned to lead. A September shoot in Morocco was imminent, and a 2022 release was planned. PalmStar Media, which had acquired the screen rights to the book around five years ago, would finance, with the company`s founder, Kevin Frakes, set to helm. Earlier this month, it was announced at the Cannes Film Festival that Will Smith and Jada Pinkett Smith`s Westbrook Studios was joining Netter Films to produce 'The Alchemist' with a cast led by Sebastian de Souza, Tom Hollander and Shohreh Aghdashloo.
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