Well, that answers it, finally. Remember when there were all those developments for a movie version of the Marvel comic Runaways? Peter Sollet was locked as the director, Drew Pearce was writing it, they’d even assembled some key members of the cast, and then… nothing. Nada. Zilch.
Since the quiet phase-out roughly coincided with the announcement of Marvel TV initiatives, I figured Runaways might have been reconceived as something for the small screen instead of the big one. However, Indiewire caught Pearce’s recent comments on a screenwriting panel wherein he explained that Runaways has actually put on ice for a year--along with other projects on Marvel's slate--while all the focus is put on the Avengers. And that shouldn’t be too surprising. You’d expect all the eggs to be put in that proverbial Easter basket.
Anyway, Pearce says Marvel’s happy with his script and the newly-revealed tidbit that he’s co-writing Iron Man 3 with Shane Black would seem to evidence that. Whenever it does get thawed and reevaluated along with the Dr. Strange, Ant-Man and Guardians of the Galaxy flicks that’re supposed to be in development, I do still think it'd be better served as a TV show. The comic’s about the children of a cabal of supervillains who decide to flip the usual teen rebellion thing by fighting for good. It’s something that plays enough like Buffy that Joss Whedon himself actually wrote a volume of it.