Welles spent the first five months of his RKO contract trying to get his first project going, without success. "They are laying bets over on the RKO lot that the Orson Welles deal will end up without Orson ever doing a picture there," wrote "The Hollywood Reporter". It was agreed that Welles would film "Heart of Darkness", previously adapted for "The Mercury Theatre on the Air", which would be presented entirely through a first-person camera. After elaborate pre-production and a day of test shooting with a hand-held camera—unheard of at the time—the project never reached production because Welles was unable to trim $50,000 from its budget. Schaefer told Welles that the $500,000 budget could not be exceeded; as war loomed, revenue was declining sharply in Europe by the fall of 1939.