David Lynch Quits From 'Twin Peaks' Reboot Due To Financial Disputes With TV Network

David Lynch announced on Sunday via Twitter that he will not be directing the long-standing, 1990s Showtime series "Twin Peaks".

His decision, according to The Guardian, is a result of money disputes with the TV network.

"After one year and four months of negotiations, I left because not enough money was offered to do the script the way I felt it needed to be done."

Lynch further added that his decision to leave the show would not affect its production and Showtime "did not pull the plug on Twin Peaks."

Further the director also said in another Twitter post that he had informed the actors about his decision.

"This weekend I started to call actors to let them know I would not be directing. Twin Peaks may still be very much alive at Showtime," he said via IGN.

"I love the world of Twin Peaks and wish things could have worked out differently," he further added.

In response to David Lynch's previous announcement, Showtime also posted a response which, as sources said, sounds hopeful that Lynch will still change his decision.

"We were saddened to read David Lynch's statement today since we believed we were working towards solutions with David and his reps on the few remaining deal points. Showtime also loves the world of Twin Peaks and we continue to hold out hope that we can bring it back in all its glory with both of its extraordinary creators, David Lynch and Mark Frost, at its helm."

According to Business Insider, the TV station previously announced that Twin Peaks will be returning on October. However, there have been rumors that the show will not be reinstalled in Showtime following David Lynch's comment that he is 'still working on a contract.'

Further, Business Insider also said that a source previously told Entertainment Weekly that "everything is moving forward and everybody is crazy thrilled and excited" but it did not mention much about the director's participation.