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Martin Scorsese’s representatives have been holding talks with Apple Inc., Netflix Inc. and others, as they seek a new company to produce or distribute the director’s next big-budget film, according to people familiar with the matter. This shift would be the second time in a row the director’s project has become too costly for its original studio.
The project, “Killers of the Flower Moon,” had been slated for production at ViacomCBS Inc.’s Paramount Pictures, but then the movie’s cost ballooned to more than $200 million, another person familiar with the matter said.
Paramount Pictures agreed in 2019 to make the big-budget drama, starring Leonardo DiCaprio and Robert De Niro. Even before the coronavirus pandemic upended the global economy and brought Hollywood productions to a halt, Paramount executives expressed concern over the film’s rising projected cost, according to this person. They gave the Oscar-winning filmmaker’s representatives the go-ahead to offer the project to other studios, the person said.
The movie could still end up at Paramount, these people said, but possibly with a new structure that includes an additional partner.
Mr. Scorsese’s team also approached Comcast Corp’s Universal Studios and MGM Holdings Inc., according to people familiar with the matter.
……
As it was with “The Irishman,” whether “Killers of the Flower Moon” might play in theaters, and for how long, is likely to be an issue in talks with any potential new distributor. Netflix released “The Irishman” briefly in a limited number of independent theaters before putting it on its service. But it failed to reach a distribution agreement with bigger multiplex owners, which typically have required a longer theatrical run before a movie becomes available for home viewing.
The project could still end up being produced at Paramount, but that appears unlikely given the current budget and script, a person familiar with the studio’s thinking said. If a streaming company took the project over, the studio could consider a partnership where it handles theatrical distribution, the person said. But no matter what, any company interested in assuming control of the movie has to go through Paramount and would have to compensate the studio for money invested in the project, the person also said.
Martin Scorsese’s representatives have been holding talks with Apple Inc., Netflix Inc. and others, as they seek a new company to produce or distribute the director’s next big-budget film, according to people familiar with the matter. This shift would be the second time in a row the director’s project has become too costly for its original studio.
The project, “Killers of the Flower Moon,” had been slated for production at ViacomCBS Inc.’s Paramount Pictures, but then the movie’s cost ballooned to more than $200 million, another person familiar with the matter said.
Paramount Pictures agreed in 2019 to make the big-budget drama, starring Leonardo DiCaprio and Robert De Niro. Even before the coronavirus pandemic upended the global economy and brought Hollywood productions to a halt, Paramount executives expressed concern over the film’s rising projected cost, according to this person. They gave the Oscar-winning filmmaker’s representatives the go-ahead to offer the project to other studios, the person said.
The movie could still end up at Paramount, these people said, but possibly with a new structure that includes an additional partner.
Mr. Scorsese’s team also approached Comcast Corp’s Universal Studios and MGM Holdings Inc., according to people familiar with the matter.
……
As it was with “The Irishman,” whether “Killers of the Flower Moon” might play in theaters, and for how long, is likely to be an issue in talks with any potential new distributor. Netflix released “The Irishman” briefly in a limited number of independent theaters before putting it on its service. But it failed to reach a distribution agreement with bigger multiplex owners, which typically have required a longer theatrical run before a movie becomes available for home viewing.
The project could still end up being produced at Paramount, but that appears unlikely given the current budget and script, a person familiar with the studio’s thinking said. If a streaming company took the project over, the studio could consider a partnership where it handles theatrical distribution, the person said. But no matter what, any company interested in assuming control of the movie has to go through Paramount and would have to compensate the studio for money invested in the project, the person also said.


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