Bad news for Sci-fi, Walt Disney Pictures have made the decision to drop Joseph Kosinski's Horizons [formally Oblivion]. Variety report the director and Radical Publishing is now shopping the project to other studios. The movie is an adaptation of the director’s illustrated novel Oblivion. William Monahan penned the adaption with further rewrites from Karl Gadjusek. The graphic novel Oblivion is set in a post-apocalyptic Earth, civilization lives above the clouds and scavengers illegally collect ancient artifacts from the polluted and destroyed surface below. But when one young scavenger discovers a crashed spacecraft planetside- and a beautiful woman within- he rejoices at the find. Little does he realize that his discovery will lead him to a journey filled with romance, adventure and unimaginable danger. Its not immediately clear why the studios put the project into turnaround, but THR [via /Film] state that the Kosinski/Disney relationship is strong and that budget concerns are the root of the concern. Warner, Fox, Universal and Paramount are named as possible studios for the project, and the fact that Disney Pictures put the project into turnaround, instead of killing it implies that the studio’s relationship with the director remains rosy.