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Wright's Indian Summer on hold
Filmstalker — ... of the romance between the first Indian Prime Minister and the wife of the departing Viceroy of the British Indian Empire, Edna Mountbatten, well now those difficulties seem to have reached a head, and combined with budgetry restrictions, the project has been put on hold. Wright himself is the one that seems to have called a halt to the project which had been struggling for some time now. Right now they are awaiting more favourable market conditions. Well that's what the article in Variety states, but there are quite a few more factors than that. ...

Universal Puts Joe Wright's Next Movie On Hold
Cinema Blend News — ... It was really to be expected that the onetime boy wonder, whose first two features were the gorgeous Pride & Prejudice and Atonement , would have to cool his heels before taking off on his next cinematic adventure. So while it is a shame that Universal is calling off his next drama Indian Summer , because they're not willing to pay $40 million to finance it (this is the same studio that handed Land of the Lost a $100 million budget, remember), it's probably to be expected. Variety writes that Wright has decided not to cut the budget down ...

Keira Knightley and Joe Wright Reteaming For My Fair Lady Remake
/Film — ... According to Variety, Universal have blamed budget issues for the cancellation, while Joe Wright says that he was trapped “between a rock and a hard place. The Indian government wanted us to make less of the love story while the studio wanted us to make more of the love story”. In truth it was a little of both - with a budget under $30, Working Title could have greenlighted the movie with no veto allowed by their Universal overlords. ...