Did “Frankenweenie” Kill Guillermo del Toro’s Stop-Mo “Pinocchio” Project?

Last May, it was announced that Guillermo del Toro and animation veteran Mark Gustafson (Fantastic Mr. Fox, The PJs) would co-direct a stop motion adaptation of Pinocchio for the Jim Henson Company. The film was based on a version of the story illustrated by Gris Grimly.

According to Bleeding Cool, Grimly posted a couple of tweets yesterday that implied the project is stalled:

Short to the point update on Pinocchio for those inquiring: It appears that this is not the right time for such a superior-adventurous flick
— Gris Grimly (@GrisGrimly) January 30, 2013

and then:

@thinkbaker There are people like us out there. But they look at numbers. Frankenweenie was a box office failure to them.
— Gris Grimly (@GrisGrimly) January 30, 2013

The tweets have since been deleted so perhaps Grimly’s announcement was premature. The production studio ShadowMachine still lists the project on their homepage. With Henry Selick’s stop-motion film also shut down last year, what other feature film stop-mo projects are still in production? If anyone knows more about what’s happening, do tell.

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