Williams and Gondry in a joint statement to IndieWire said that they mutually agreed they "can't deliver this film," and Variety, which first reported the news, added that it will

The coming-of-age musical formerly known as "Atlantis" had been slated for release in May from Universal Pictures.Nothing gold can stay indeed.Multitalented musician and producer Pharrell Williams and French filmmaker Michel Gondry have scrapped their coming-of-age movie musical Golden in the midst of postproduction,

Pharrell Williams and Michel Gondry have scrapped their movie musical "Golden" during post-production at Universal Pictures

This is per Variety, which revealed that the already-shot film has now been scrapped, after “unanimous agreement from producers and Gondry that the film did not live up to its developed conceit.” Universal will reportedly eat $20 million in losses on money already spent on the movie,