Universal Pictures has put the brakes on "Bioshock," the Gore Verbinski-directed live action adaptation of the bestselling Take-Two Interactive vidgame. The picture was in pre-production, but the studio has halted that effort--and let some production staff go--as Universal and Verbinski figure out a way to make the film at a more reasonable budget.

Sources said that the John Logan-scripted picture was gearing up to shoot in Los Angeles, but that changed when the budget rose to the vicinity of $160 million. U and Verbinski are looking at alternatives like shooting in London as a way to pare costs. The plotline takes place in the underwater city Rapture, where a pilot crash-lands near a secret entrance and becomes involved in a power struggle.