Is The Steven Spielberg And Will Smith 'Oldboy' Adaptation Dead?

OldboyNews has been very quiet on the "Oldboy" front since Steven Spielberg and Will Smith were initially announced for the project — and according to one source, that's because the film is no longer happening.

Latino Review reports that Smith and Spielberg are no longer attached to "Oldboy," saying that official news should make the rounds sometime soon.

For now, the report is far from official, but the alleged demise of "Oldboy" would certainly explain why we haven't heard much about the project in close to a year.

Spielberg's film would have been an adaptation of the original manga series written by Garon Tsuchiya and illustrated by Nobuaki Minegishi, not a remake of the Japanese "Oldboy" as many initially speculated. Spielberg's DreamWorks and Mandate Pictures were in the process of securing the film rights to the "Oldboy" manga, but Latino Review reports that creative differences between the two companies have killed the project.

"Mandate and DreamWorks didn't see eye to eye therefore DreamWorks has apparently walked away," reports the website.

The "Oldboy" manga focuses on Shinichi Got?, a man that's been mysteriously imprisoned for ten years. Upon his release, Got? embarks on a quest to seek vengeance against his captors and to learn why he was imprisoned in the first place. English translations of the manga series are currently available courtesy of Dark Horse Comics.

The Japanese take on the manga took some departures and was filled with plenty of not-so-family-friendly moments. That content wasn't likely to rear its head in Spielberg's take on the material, which Smith described as nothing "less than stunning."

But if you believe the rumors, that stunning adaptation isn't likely to happen. For now, we'll just have to wait for further word on the alleged demise of Spielberg and Smith's "Oldboy."

Do you believe the reports that "Oldboy" is dead? If so, are you disappointed or pleased? Let us know in the comments or on Twitter!