Just a few weeks back, Showtime denied rumors that the Twin Peaks revival might not happen. But now, it turns out the truth may hurt fans even more: David Lynch just announced via Twitter that he's exiting the project, and he made no bones about why.

Here's what Lynch just tweeted:

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The complete text of his statement, parceled out across several Twitter posts, was shared on the official Twin Peaks Festival Facebook page:

Showtime did not pull the plug on Twin Peaks.

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.

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.

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

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And now, the zillion-dollar question: does the world still want a Twin Peaks without Lynch directing? It only took about 10 minutes after Lynch's announcement for a "Save Twin Peaks" Twitter account and related Change.org petition to materialize.

UPDATE! Showtime just released this statement:

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.

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