Fans hoping for the continued adventures of Alex Murphy — better known as the cybernetic law enforcement officer RoboCop — shouldn't hold their breath, as it appears that the long developing RoboCop remake is officially terminated.

An article in the Financial Times summarizes the financial turmoil of MGM, focusing largely on the endangered James Bond franchise but also noting that director Darren Aronofsky has fled the RoboCop remake. At last week's Comic-Con International, Moviehole was able to confirm the report with "an old friend from the studio."

"Gone. Kaput. Canceled. It was one of the first casualties," the MGM insider reported of the RoboCop remake's demise. "[Darren] has lost interest anyway, I believe. Think we're all just going to have to be happy with the three RoboCop movies that are out there."

There you have it, folks. Not as high profile as the troubles surrounding Bond and The Hobbit, but MGM's financial woes have claimed yet another beloved franchise.