Microsoft Corp. (MSFT.O: Quote, Profile, Research) has signed a deal with two film studios to make a movie based on its popular space-based video game series "Halo," a spokesman for Universal Pictures said on Wednesday.
Universal and Twentieth Century Fox agreed to pay Microsoft $5 million plus a percentage of ticket sales. The total price being paid is capped at 10 percent of the domestic box office.
The deal ends months of speculation over which studio would win the right to make a "Halo" film, which came to Hollywood last spring highly-touted by Microsoft and its representatives at Creative Artists Agency. Messengers delivered a script to the studios wearing costumes and toting laser guns.
But several studios balked at an initially high asking price, which at the time published reports pegged at $15 million plus 15 percent of the initial gross box office.
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Microsoft signs film deal for "Halo" video games
