Paramount spent four years developing a reboot of Frank Herbert's sci-fi novel series Dune, which previously had been adopted for the screen twice via David Lynch's Dune back in 1984 and an Emmy-winning miniseries with William Hurt in 2001. Today Paramount have dropped their reboot, by allowing their option to the work to expire on the potential third remake of the project due to be released in 2014. Hit the jump for the details.

Dune is described ad follows:

"Set in the far future amidst a sprawling feudal interstellar empire where planetary fiefdoms are controlled by noble houses that owe an allegiance to the Imperial House Corrino, Dune tells the story of young Paul Atreides (the heir apparent to Duke Leto Atreides and the heir of House Atreides) as he and his family accept control of the desert planet Arrakis, the only source of the "spice" melange, the most important and valuable substance in the universe. The story explores the complex and multi-layered interactions of politics, religion, ecology, technology, and human emotion, as the forces of the Empire confront each other for control of Arrakis and its spice." 

Richard P. Rubeinstein, who holds the rights to the novels, stated: "Paramount’s option has expired and we couldn’t reach an agreement... I’m going to look at my options, and whether I wind up taking the script we developed in turnaround, or start over, I’m not sure yet.

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