Disney+ No Longer Developing “Daughter Of The Deep” Movie Based on Percy Jackson author Rick Riordan’s Novel

From the article:

However, this week, Rick revealed on his blog that the rights for the “The Kane Chronicles” series have now reverted back to him since Netflix took too long to make the series. Rick also confirmed that ‘Daughter Of The Deep’ is no longer in development for Disney+, with the rights also returning to him.

Similarly, Daughter of the Deep rights have reverted to me after being in script development as a feature at Disney+. There was no issue with the script or the team. I loved everyone we were working with! It was simply a budgetary call, as I understand it, and Daughter would be an expensive film to make. I know these kind of setbacks are disappointing to fans, but they are common in the film industry, and happen more times than not. Getting anything made, even in the best of times, is monstrously difficult. I have gained a lot of respect for the producers, executives and writers who manage to navigate the rapids and get projects through. I don’t know what the future holds for Daughter. I guess we’ll have to wait and see.