David Lynch drops out of Showtime's 'Twin Peaks' revival

Showtime's "Twin Peaks" revival joins Sunday's holiday edition of "Hollywood's Bad News Dump."

Veteran director David Lynch has dropped out of the cult series reboot after he and the network were unable to reach terms on contract negotiations, according to the director.

"After 1 year and 4 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 wrote on his personal Twitter account.

"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 continued in string of Tweets. "I love the world of Twin Peaks and wish things could have worked out differently."

News of Showtime's revival was first revealed by Lynch back in October 2014. "Dear Twitter Friends… it is happening again," Lynch wrote.

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Series creators Lynch and Mark Frost were both on board to write and produce all nine episodes and Lynch on board to direct all episodes, with a premiere date slated for 2016.

Lynch teased the return of the series, writing, "Dear Twitter Friends: That gum you like is going to come back in style! #damngoodcoffee."

The original series, which ran from 1990 to 1991 on ABC, starred Kyle MacLachlan as quirky FBI agent Dale Cooper, investigating the murder of a young woman in the titular, fictional Washington town.

Also read: 'Twin Peaks' Casting Call Suggests New Footage to Be Shot

And then it got weird. Real weird.

The revival will take place in present-day Twin Peaks, continuing the lore of the original series.

"The mysterious and special world of Twin Peaks is pulling us back. We're very excited. May the forest be with you," Lynch and Frost added.

More to come…