We've been waiting for news on Hollywood's Dune reboot, ever since director Peter Berg left the project. Sadly, there's more bad news. Paramount is surrendering the rights to Dune. Basically, the new Dune is dead.

Deadline spoke with Richard P.Rubinstein, who owns the rights to Frank Herbert's novel, and according to him Paramount just come to a conclusion on what to do with Dune — which is that they are giving up.

"Paramount's option has expired and we couldn't reach an agreement…I'm going to look at my options, and whether I wind up taking the script we developed in turnaround, or start over, I'm not sure yet."

But he's not giving up hope entirely. And while we're sad that it may be awhile until we see some awesome CG sandworms, we take solace in the fact that the producer Rubinstein would rather not make the Dune movie at all, as opposed to bending to Hollywood's will.

Says Deadline:

Sure, it's frustrating, how long this has taken, but most of what I've done that worked out well over the years, like the miniseries The Stand, took a long time," Rubinstein said. "Since I know what I want, eventually, I'll find someone who'll agree with me. What I like is that talent has interesting things to say on how they would approach it."