How Tough Is Hollywood?? Sometimes Even Will Smith And Steven Spielberg Can't Get A Project Going...

Merrick here...
Will Smith and Setven Spielberg's OLDBOY project has gone belly-up, according to Latino Review. The film was being spun as a direct adaptation of Nobuaki Minegishi and Garon Tsuchiya's manga as opposed to a "remake" of Park Chan-wook's 2003 feature film.

According to a trusted source… …It’s DEAD! Mandate and DreamWorks didn’t see eye to eye therefore DreamWorks has apparently walked away. No Spielberg. No Will Smith. THEY’RE OUT! Hence no stateside Oldboy remake…or whatever you want to call it.

...says LR HERE. The 2003 film is available in various permutations HERE, and it's also rentable via Netflix (disc and streaming) HERE. The source material has been amassed into a series of graphic novels which can be found HERE.