Ayn Rand’s masterpiece, Atlas Shrugged, is still reaching for the big-screen!

For those of you who keep up with movie news, the most recent discussion of the movie project took place at a film panel consisting of producers Michael Burns, Vice-Chairman of Lionsgate Films, and Howard and Karen Baldwin of Baldwin Entertainment; along with then-engaged director Vadim Perlman. The panel was held at TAS’s 50th Anniversary Celebration of Atlas Shrugged, October 6, 2007.

The Lionsgate project came to a halt on September 30, 2008, when the company chose not to renew its option with Atlas Society trustee John Aglialoro, owner of the movie rights and current script. Now, after a waiting period through the end of 2008, Aglialoro is pursuing other options. In addition to the possibility of producing an adaptation himself, he is in discussions with private investors and film producers.

Burns of Lionsgate remains interested in the project, however, as do the Baldwins. Aglialoro is exploring with them the possibility of a new film deal—this time without Angelina Jolie, who was previously attached to the role of Dagny Taggart. “Jolie failed to seize the opportunity, and we’re moving on,” said Aglialoro.

Actresses who have expressed interest in the role and are reading the script include Cate Blanchett, Keira Knightly, Julia Roberts, and Charlize Theron. Randall Wallace, who wrote the current version of the script, is a strong possibility as director.

“There are no guarantees in Hollywood,” cautions Aglialoro. “The movie may never be made.” Nevertheless, he adds, interest in Rand’s great novel continues to grow worldwide. With a huge fan base and the continuing high level of interest from the film industry, “everything looks hopeful and promising.”

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