Variety announced earlier today that Fox-based New Regency has officially dropped the big-screen adaptation of “Voltron.” But that doesn’t necessarily mean the project is dead.

Relativity Media is currently in talks to develop the action flick, which is described as using the kind of technology we’ve already seen in “300.” This, however, would result in a significant budget cut.

Based on the famous Japanese animated TV series that kicked off in the early 1980s, this adaptation is a post-apocalyptic adventure in which five survivors of an alien attack gather to pilot the five robot lions that combine and form the powerful Voltron.

At this stage, I’m not so sure whether this is such good news. I’m glad Relativity is eyeing the project, but there is only so much you can do with a moderate budget. And “Voltron” definitely sounds like something that needs a whole lot of money to really deliver.