"Stephen King's lawyers have notified Warner Bros. that he will be terminating the copyright license for 'The Shawshank Redemption,' one of my favorite movies.

Based on Stephen King's novella "Rita Hayworth and the Shawshank Redemption," the 1994 film has been the top-rated movie on IMDB's top 250 list for going on two decades.

Red's circumstances for landing in Shawshank have also changed. In the film, he was sent to Shawshank for what's hinted to be a robbery gone wrong; he says that he was 'a stupid kid' at the time.