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In page Firestorm (1998 film):

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The screenplay for the film, written on spec by Chris Soth as his thesis for the MFA Screenwriting program at USC, was originally purchased by the now defunct Savoy Pictures. When Savoy had the project, the film was going to be more epic in scale, with comprehensive visual and computer effects. Savoy even offered Sylvester Stallone $20 million to star, which he accepted. However, the studio went bust before the film was made. Twentieth Century Fox picked up the script from "turnaround" and fashioned it into a more intimate, smaller budgeted movie as they were looking to only spend $30 million on the picture. Graham Yost did an uncredited production polish on the script, which was also rewritten by four other writers on the way to production .[1]