The problems with licensed movies? That whole "licensing" part of it, apparently. Or, at least, that seems to be the problem with the planned Metal Gear Solid movie, according to screenwriter David Hayter.
Talking to MTV's movies blog, Hayter said,
I don’t believe they were ever able to successfully close a deal between [creator Hideo] Kojima and Sony... I did come up with a pitch for the movie which I thought was pretty cool and I would still love to do. But there are far larger issues in terms of who’s going to get the rights to do it and what sort of involvement Mr. Kojima is going to have. All that needs to be worked out before I would ever come up.
Despite this - and "political reasons on Konami's (the game publisher) side" - Hayter has actually completed a screenplay for the movie, in case things ever get straightened out. Just don't ask him to say what happens in it:
I really want to spring some things on people. Having been intimately involved with ‘Metal Gear,’ I would like to give people a story that will grab the fans. The fans will know the context that we’re talking about once they see the trailers. They’ll say ‘Oh my god, they’re going there.’ But they won’t quite know how the story is going to unfold or what some of the big surprises are going to be.
Given Hayter's Watchmen past, it's a fair bet that any Metal Gear movie wouldn't include a giant squid.