According to an article in The Los Angeles Times, Sony has dropped the anchor on The 8th Voyage of Sinbad, a vfx spectacular that was to star Keanu Reeves as the storied Persian swashbuckler. The studio reportedly yanked the feature out of development in light of the dismal box-office performance of Stealth, the last effort from their chosen director, Rob Cohen (Dragon Heart, Reign of Fire).
The tales of Sinbad first came to the big screen in 1958 with The 7th Voyage of Sinbad, which featured groundbreaking animation effects by Ray Harryhausen. An unofficial continuation of that series, 8th Voyage was to update the Middle-Eastern legend with plenty of state-of-the-art CG monsters and other effects. Harryhausen was rumored to be involved as consultant, but in fact turned down the offer since it would prevent him from engaging in Sinbad projects of his own.
There is no word on whether or not Sony plans to retool the project with a different director at a later date. Another recent attempt to bring the mythic hero back to the big screen, DreamWorks’ animated Sinbad: Legend of the Seven Seas, was met with general apathy at the box office despite lead voice turns by Brad Pitt and Catherine Zeta Jones.