Director Oliver Stone is breathing a sigh of relief after learning Australian Baz Luhrmann's rival film about Alexander THE GREAT has been called off.

Stone has already begun filming his epic ALEXANDER in Morocco with COLIN FARRELL and Angelina Jolie, and Moulin Rouge! director Luhrmann was set to follow with his own version of the story, starring LEONARDO DiCAPRIO as the historic conqueror.

But according to reports in Britain's Heat magazine, Luhrmann's version has been called off after failing to attract enough foreign investment, which was slated to cost $150 million (GBP88 million).

03/12/2003 21:16