Back in 2012 it was announced that we would be getting a remake of the classic 1960s western The Magnificent Seven. Tom Cruise was attached to the film when it was first announced and MGM hired Nic Pizzolatto (True Detective) to write it at the time.
The Wrap is now reporting that Cruise has dropped out of the project and that Saving Mr. Banks director John Lee Hancock has come on board to rewrite it. Apparently Cruise's schedule just got too busy, so he's out.
Hancock is a great addition to the film though! He did an amazing Job with Saving Mr. Banks, and also directed The Alamo for Disney, so it won't be the first western genre film that he's made. I haven't seen The Alamo in forever though, so I don't even remember if it was good or not. He also directed The Blind Side.
The Magnificent Seven is one of my favorite westerns of all time. It's going to be weird seeing it get remade, but I'm really interested to see who will be cast in the film, and how it turns out.