The long-anticipated Hulk Hogan biopic, initially set to star Chris Hemsworth and directed by Todd Phillips, has been officially canceled. Various factors led to the project's downfall, including the absence of a signed contract by Hemsworth, a lack of a completed screenplay, and Netflix's departure due to business issues. Phillips confirmed the cancellation, citing that the project simply would not come together. Hogan has recently stirred controversy with racist remarks about Vice President Kamala Harris, complicating his public image. Despite these setbacks, Hogan remains optimistic that the film may be revisited in the future if circumstances change.