The Los Angeles Times has published an interesting article on the troubles the adaptation of author Steve Alten's 1997 best-selling "Meg" has had trying to make it to the big screen. However, it mentions that, after being dropped by two studios, there is still a chance the movie about the 80-foot, 70,000-pound shark may happen:
In recent weeks, however, a new financier has stepped forward with plans to finally bring "Meg" to the big screen. Apelles Publishing Inc. of Abington, Va., has optioned the rights from Alten with veteran Hollywood producers Lawrence Gordon ("Die Hard") and Lloyd Levin ("Boogie Nights"), along with Virginia-based film financing consultant Belle Avery, set to produce. Gordon and Levin have a track record of taking projects put in turnaround at one studio and successfully setting them up at another, the latest examples being "Watchmen" at Warner Bros. and "Hellboy II: The Golden Army" at Universal.
You can read all about the events that started in 1996 up until now here!