Basically, IGN has heard rumors that a movie based on oBSG is in the works. Glen A. Larson to write/produce. Universal denies the rumor. Note that it mentions that the new film will be based on the original series. No mention is made of it being a continuation.February 20, 2009 - IGN Movies has learned that Universal Pictures is planning to turn the TV series Battlestar Galactica into a feature film with series creator Glen A. Larson being lined up to script and produce it.
We were informed that the film will be based on the original BSG series from 1978-79 rather than the recent reboot from Sci Fi Channel. The story followed a band of humans who were the only survivors of a devastating attack on their colonial homeworld by the vicious cybernetic race known as the Cylons. The survivors, led by Commander Adama, embark on a journey through space aboard the military vessel Battlestar Galactica to find refuge on a distant planet called Earth.
Battlestar Galactica has been in cinemas before. Re-edited versions of television episodes were released theatrically: Battlestar Galactica (1978), Mission Galactica: The Cylon Attack (1978), and Conquest of the Earth (1980).
A Universal spokesperson refused to comment on rumored projects before ultimately denying it; we were later able to confirm our scoop independently. (This studio denial was reminiscent of Sony's dismissive response to our scoop about Jaden Smith starring in a Karate Kid remake, which we broke a YEAR before the project was officially announced.)
Although we understand that nothing is final yet on the BSG film front, fans should likely expect an official announcement on the project in the coming weeks.
Sounds like rumor mill bullshit to me. Universal balked at the idea five years ago and went with RDM and nBSG because oBSG had nothing going for it commercially. As far as I can tell nothing on that front has changed. I seriously doubt they are going to revive a franchise that failed thirty years ago under the direction of a producer who hasn't done anything in almost a decade. It's funny to listen to the oBSG fanboys go on about this though. Read some of the comments.