Reports came out earlier this month saying that the reboot of 1994’s The Crow was dead due to the studio’s money problems. Well, the creator of The Crow has commented on the matter:

“It’s still very much a live property,” said O’Barr during a panel hosted by ComicBook.com at last weekend’s Twin Tiers Comic Con in Elmira, NY. “The company, Pressman Films, that owns The Crow film and TV rights, licensed it to a studio named Relativity. And Relativity made like a hundred bad movies and lost money so now they’re in financial trouble. So the producers are just going to take it to another studio if Relativity can’t get backing again. It’s going to happen. I talked to Pressman Films a couple of weeks ago and they said within two or three weeks, we should have it placed at a new studio. Because the day Relativity announced that they were having financial problems, there were like a dozen other studios that called about getting The Crow property. it definitely will happen.”

He also went on to say that the film is very true to the comic:

“I’m very happy with everything,” he said.

The reboot has been in development for quite some time now. A long list of actors have signed on to play Eric Draven – including Bradley Cooper, Luke Evans and Jack Huston – only to end up leaving the project. At this point, it’s anyone’s guess as to what will happen with the film.

While some say that studios should just leave the film alone due to Brandon Lee’s death – there is a giant trend of remakes and reboots in Hollywood now, so this shouldn’t really come as a surprise.

What do you guys think? Be sure to sound off below!