Created by Wendy and Richard Pini in 1978 Rawson Marshall Thurber was previously attached to direct the film about a tribe of elves trying to find others of their kind while avoiding humans and trolls.
Wendy posted the following statement on the Elfquest official Facebook page:
"After close to four years of suspense - and longer than four years of your much-appreciated interest and support - the word has come down from Warner Bros. And the word is "no." Their simple explanation is that they don't want to compete with The Hobbit: An Unexpected Journey. This was a possibility, among several, that we were prepared for. It is a relief, at last, to know."
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