Hasbro and Universal Pictures' stalled adventure film "Ouija," based on the popular board game by Parker Brothers, is once again set to lens, but with a smaller budget, according to The Hollywood Reporter.

Derailed by budgetary concerns in August, "Ouija" was described by producer Brad Fuller as a huge movie that was more of a "'Pirates of the Caribbean' adventure story, with a Ouija board at the center of it."

Now Jason Blum of Blumhouse Productions is stepping into a producer role to help bring a new, leaner direction to the concept.

Blum has experience shaping successful, low-budget horror projects, including the Paranormal Activity franchise and "Insidious."

The initial incarnation of "Ouija" was penned by "Tron: Legacy" writers Adam Horowitz and Edward Kitsis. McG ("Terminator Salvation," "Charlie's Angels") was in negotiations to direct.

A replacement for the writers and a director have not been announced.

In addition to Fuller and Blum, Michael Bay and Andrew Form will also produce.

The Parker Brothers board game made its debut in 1966, selling over 12 million copies. Hasbro acquired the game in 1991.