The creative team for Percy Jackson and the Olympians have provided an updated on the highly anticipated series.
We have a fabulous writers’ room. We have amazing show runners who know exactly what this show needs to be and how to make it. We have an excellent group of producers who have decades of experience in TV. We are close, I think, to locking in a great director, though that deal is not quite finalized. And of course, we have the author of the source material fully on board . . . oh, wait, that’s me! We have a clear plan, a solid approach, and we are ready to get going. However, we are still waiting for the green light, without which we do not have a budget to get going. The conditions for that green light are a moving target, and there are still many layers and levels of approval we have to get through.
Rick and his team have said that they have an important meeting with the top executives at Walt Disney Studios in the coming week.
Why is it taking so long? you are asking. Yeah, believe me, I feel that. I’ve put all my plans on “pause” for the last two years so I could devote myself entirely to wrestling with this project. Part of the issue is that Disney is a massive corporation with many moving parts. The company’s expansion is great in some ways. For instance, when they bought Fox, that opened up the possibility that we could do Percy again through Disney, since Disney now owns the rights. On the downside, this means that the company is still in the process of changing and restructuring. There are a lot of people either shifting jobs or new to the company, and the various divisions don’t always know what the other divisions are doing. (That is simply my subjective impression, as an outside observer.)

This upcoming Disney+ series is going to require a massive financial investment from Disney, and that’s why this project is taking its time. Rick explained:
This is going to be an expensive show. Using kid actors makes production costs skyrocket. Special effects of good quality don’t come cheap. And the story is a road trip, which calls for ever-changing sets. All of that equals $$$. It’s completely understandable that the executives would want to understand clearly what they are making and why it is worth the investment. That is what we will be trying to explain, again, next week.
We hope that the series will move ahead as it will provide a good change from the Marvel and Star Wars focus that we are seeing on Disney+.
Source: whatsondisneyplus