The remake of James O'Barr's dark comic "The Crow" is certainly in deep trouble. The film is reportedly losing its director due to the Relativity Media Bankruptcy.

The Wrap reported that director Corin Hardy is in danger of being pulled out, as Relativity Media hits bankruptcy. "The Crow" producer Edward R. Pressman is said to file an objection to the film being considered as a studio asset when it gets ready for a major sale.

Relativity Media has reportedly invested millions into the said film under the promise that it would begin principal photography within the scope of three years - in which half had already elapsed. The rights to acquire the project, as well as the sequels and prequels, have cost around $2.5 million alone.

In a report by Bloody Disgusting, Pressman is concerned with the fact that whoever will purchase these rights will not have enough resources to release the film to a minimum of at least 1,000 screens in the U.S. In mathematics, it's safe to say that it would acquire between $10 million to $12 million.

Deadline, on the other hand, was particular with the bidder's identity - Stalking Horse. Pressman goes to claim a lack of confidence in the process from the said bidder and the contract is at "a critical juncture and will suffer material and irreparable harm if the financing necessary to fund the production of the film is delayed," the publication quoted.

It was rumored that several studios and producers capable of financing the said film have expressed their interest in "The Crow" rights. However, Relativity Media has turned down every offer in the hope of what seemed to be the most valuable and practical choice.

Because of all of these, director Corin Hardy (The Hallow) will most likely abandon the project. It is worth noting that he's reportedly regarded as one of the key creative elements. Above all, the production of the film is believed to be imploding, let alone the time needed to make the film.

If "The Crow" continues to be in deep trouble because of Relativity Media's bankruptcy, then it's only a matter of time before the film loses director Corin Hardy.