UPDATE, 5:33 PM: Barely more than an hour after David Lynch said he was pulling out of the Twin Peaks revival over money issues, Showtime issued a statement saying it’s still trying to resolve deal points with Lynch and his reps. Here’s the full statement from the cable network:

“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.”

PREVIOUSLY: David Lynch has posted a string of tweets saying he won’t be taking part in the reboot of his cult favorite Twin Peaks, set for a run on Showtime, because of money issues tied to making the project the way he wants.

Dear Twitter Friends, Showtime did not pull the plug on Twin Peaks. — David Lynch (@DAVID_LYNCH) April 5, 2015

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. — David Lynch (@DAVID_LYNCH) April 5, 2015

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. — David Lynch (@DAVID_LYNCH) April 5, 2015

I love the world of Twin Peaks and wish things could have worked out differently. — David Lynch (@DAVID_LYNCH) April 5, 2015

Lynch had been set to direct a nine-episode series based on his original 1990-1991 show, based on scripts he and original co-creator Mark Frost have already written. Kyle MacLachlan was set to reprise his iconic Agent Dale Cooper role as well. The new shows were to air next year.