By Jennifer Maas
June 03, 2015 at 12:00 PM EDT
Astrid Stawiarz/Getty Images

Director Louis Leterrier (Now You See Me) has exited Sony’s shark-filled flick In the Deep due to scheduling conflicts, a source tells EW.

Sources tell The Wrap that Leterrier’s exit also had to do with a budget reduction for the film, and “other key creative elements” that were changed during development. Leterrier had boarded the film when Michael De Luca was still co-president of production at Columbia Pictures.

The film comes from a Black List script by Anthony Jaswinski with a story centered around a surfer who is attacked by a shark and ends up stranded on a buoy 20 yards offshore as the shark continues to circle her while she attempts to find a way back before dying from her injuries.

Sony will be releasing Leterrier’s upcoming Sacha Baron Cohen spy comedy Grimsby.