Microsoft Postpones "Halo" Movie

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Movie was to be based on popular video game and set for release in 2008.

Microsoft announced on Tuesday that their company and the minds behind "The Lord of the Rings" trilogy have postponed plans for a movie based on the popular video game "Halo."

"At this time Microsoft, Peter Jackson and Fran Walsh have mutually agreed to postpone making a feature film based on the 'Halo' video game," Microsoft said in a statement, and reported by Reuters.

"While it will undoubtedly take a little longer for 'Halo' to reach the big screen, we are confident that the final feature film will be well worth the wait," said the company, which through a spokesman declined further comment.

The film was scheduled for release in the summer of 2008. "Halo" is a video game in which players shoot humans and aliens.

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