Universal Studios drops out of GYPSY

Universal Studios has decided to back out of 'GYPSY' starring Barbra Streisand, a major setback for the Streisand project which has been in 'development' at the studio for the past four years. Streisand and producer Joel Silver are now free to shop the project - said to be 'ready to go' - to other studios with hopes of financial backing.

No one had an explanation as to why Universal decided to drop out of the deal, but insiders are speculating they were looking at the main question: Are enough adults going to show up to make this project profitable? It is something GYPSY needs to do in order for it to be a hit for the financial backer, and so far Universal has had disappointing results at the box office with mainstream audiences (their recent Steve Jobs biopic has been a failure at the box-office).

Universal's current line-up of musical projects include the sequel to 'Mama Mia!', 'Pitch Perfect 3' and the movie adaptation of the Broadway blockbuster 'Wicked'.

Streisand and Silver have not publicly commented on the change of plans from Universal.

I prefer fantasy over reality TV - like Fox News. - B.Streisand