Showtime bosses in the U.S. are moving forward with the revival without creator Lynch, who took to Twitter.com on Sunday (05Apr15) to confirm he is no longer part of the project.

In the tweet that was also posted on the Twin Peaks Festival's Facebook.com page, the moviemaker wrote, "After one year and four months of negotiations, I left because not enough money was offered to do the script the way I felt it needed to be done.

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

The news comes just weeks after Lynch told fans that contracts were far from being signed, and his involvement was "up in the air".

A Showtime spokesperson tells The Hollywood Reporter, "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."