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‘Colors’ fading for U

After all the fanfare, “Primary Colors” may not be made at Universal Pictures after all. The Mike Nichols pic, to which John Travolta and Emma Thompson are still attached, is now being shopped elsewhere.

The filmmaker and the studio disagreed on how to proceed with the project, sources said, so the movie is now looking for a possible new home. “Primary Colors” was to be the first picture in a three-picture deal between U and Nichols.

According to sources, Universal asked Nichols to restructure the deal, which would have deferred all fees until cash break-even point for the studio. The budget of the picture, depending on cast, is $65 million to $75 million.

The logical move for Nichols would be to Sony, which is headed by his former partner and longtime friend John Calley. Both Columbia Pictures and Fox 2000 were aggressive bidders for the feature film rights in August. It’s also possible that the project could become a co-production between studios.

“Primary Colors” is based on Joe Klein’s bestselling book about a presidential hopeful from the South bearing a striking resemblance to Bill Clinton, his smart-as-a-whip wife and the political campaign that lands them in the White House.

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