Okay, that headline sums it up, but let’s process this idiocy for a moment.
Four movie studios (yes, four) entered into a bidding war over the rights to make a movie based on Asteroids. Yes, the classic vector based shooter in which player controls a triangle shooting rocks in space. Nope, it had no story. It really was a ship against a black background in space.
Someone spent money to actually turn that into a movie. Idiocracy is becoming closer to reality every day, and now a movie studio actually goes and does something this ridiculous? Seriously, what good is the license if the license provides you with a freakin’ ship shooting space rocks? Hey Universal, how about you forget the rights and just call it “Space Rocks?”