The director has nixed plans for this spring to start shooting "Robopocalypse," an adaptation of the bestselling novel about a futuristic society in which robots attempt to wipe out humanity.
With "Lincoln" behind him, the director spent several weeks over the holidays preparing for the project. He ultimately concluded that the script wasn't ready and that the budget, previously expected to be around $160 million, was too high, according to a person close to the project not authorized to speak publicly.
"Robopocalypse" was to be released in the summer of 2014. It was to be co-financed by Spielberg's own DreamWorks Studios along with 20th Century Fox.
The movie will now go back into development and it is no longer certain when, or whether, it will get made.
The news was first reported by The Hollywood Reporter.