A few days ago, we reported that Guillermo del Toro (Hellboy, Pan's Labyrinth) has signed on to direct "At The Mountains of Madness," which is an adaptation of the HP Lovecraft tale. NY Magazine is reporting that boarding the project meant dropping out of a new "Van Helsing" film, which del Toro was also rumored to helm.

The plan was not to remake the 2004 Hugh Jackman film, but to base it on the same fictional character from Bram Stoker's "Dracula." Tom Cruise was planning to produce and possibly star. At this point he is still attached, but del Toro is no longer involved with the project. Cruise is now searching for a new helmer.