Now, speaking with Esquire, Green explains what happened:
"I don't know if it'll ever happen. Someone needs to do something very artful with that project. I'm just excited at the thought of making something elegant, and graphic, and classy at a point in the horror genre where everybody's making films raw, and found-footage. I want something to contrast that, but anybody that's interested in horror movies has no interest in that right now. At least, not with my involvement. But maybe someone else will do it."
The film's financing collapsed. Had it gone ahead, Green says he would've made a film that was very respectful to the original:
"I've got the whole movie in my head. It's ready to go, but it just costs too much. My version of it costs too much. It would be very respectful of the original film. It's like the restaging of an opera. It's not there to take away from what exists, but to be inspired by what it is, and make something that is its own unique experience, just like Prince Avalanche. Very unique but very respectful."
Green adapted the screenplay with Chris Gebert and this version would see an American exchange student in Europe who attends a school that acts as decoy for a sinister organisation.
Casting was underway with Isabelle Fuhrman Janet McTeer, Michael Nyqvist and Antje Traue all set to star.
Green also confirmed that "Compliance" director Craig Zobel wrote a horror film which Green has been "thinking of making". At the moment, he and Zobel are brainstorming some ideas regarding that project
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