Project is the latest in a string of projects that U has shelved or put into turnaround

Universal has scrapped yet another potential franchise project, putting “Wicked Lovely” into turnaround just two months after tapping Mary Harron to direct.

Vince Vaughn’s Wild West Picture Show Prods. banner was set to produce the adaptation of Melissa Marr’s bestselling fantasy novel, the first of five books in the series.

Project is expected to get made — just not at Universal — so the producers‘ next move will be to shop the property around. There will likely be interest in the material, as studios are looking for fantasy franchises now that “Harry Potter” has come to an end and “The Twilight Saga” is wrapping up.

Story follows a teen girl with the ability to see dangerous fairies. Caroline Thompson (“Edward Scissorhands”) wrote the script and Vaughn is producing with Valeri Vaughn and Peter Billingsley. HarperCollins published “Wicked Lovely,” which is a New York Times bestseller and has been published in 18 languages.

“Lovely” is just the latest in a string of projects that Universal has shelved or put into turnaround.

On Wednesday, the studio confirmed that it pulled the plug on the supernatural action-adventure film “Ouija,” set up under Uni’s 2008 deal with Hasbro. Studio also decided last month to put Stephen King’s “The Dark Tower” series into turnaround, four months after dropping Guillermo del Toro’s adaptation of H.P. Lovecraft’s “Mountains of Madness.” It has also chosen not to go ahead with the MLK biopic “Memphis” and a screen adaptation of the Broadway hit “In the Heights.”

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