Universal Studios have picked up the rights to produce a Locke & Key film, but are only willing to let it go forward if Fox agrees to never release their Locke & Key television pilot. Supposedly the pilot was good, but for some reason Fox sat on it and now they are hoping to make back some of their production costs.
It’s been snared in an endless series of contractual negotiations. Universal took a long, long time to come through with an acceptable contract for myself and IDW. Now they’re dealing with a bureaucracy as labyrinthine and implacable as their own: FOX TV. Uni wants to avoid spending $25 million on a movie, and then have FOX steal their thunder by releasing a three-year-old pilot. FOX wants to see some coin on all the money they sank into the pilot in the first place. The lawyers all have to validate their salaries.
Whether Fox had legitimately planned some sort of release for the pilot at some point, nobody can say, but they definitely see a chance to make back their money by holding this over the heads of Universal. So at this point, who knows when we'll get to see Locke & Key on the big screen. At least to tide us over, we have Joe Hill's Tales from the Darkside on the way.