John Travolta's Gotti Pulled Days Before Release

Actor John Travolta arrives at the 22nd Annual Critics' Choice Awards in Santa Monica California U.S

Image via impawards.comJust 10 days before the film was set for domestic release, EW and other outlets said the biopic about mobster John Gotti (starring Travolta) has been sold back to production company Emmett/Furla/Oasis.

Arnold said it is likely Travolta and his backers and had to pay Lionsgate for whatever they put forward on the film - and maybe then some - in order to free them of any debt.

However Travolta has since rubbished the reports, telling Deadline the movie will still premiere, but will have a wider release than the original one planned after he found new financial backing from film producer Edward Walson.

The film has been sold back to its producers and its release has been push back until 2018.

Helmed by Kevin Connolly, the biopic follows ill-fated mobster John Gotti (Travolta) who rises to the top of the NY underworld to become the boss of the Gambino crime family.

The "Gotti" movie again sleeps with the fishes. After all, movies leaving or changing distributors isn't exactly a rare occurrence in Hollywood, but those types of deals tend to be worked out far in advance of a film's scheduled release date.

"Unfortunately, the reports were speculation bordering on fake news", the actor told Deadline. "That is the simple explanation for this", he added. "I invited his group, they saw it and bought it", Travolta said.

The fact that Lionsgate was willing to let the movie go so easily raises some red flags for sure, and Travolta himself has had a pretty spotty track record in recent years. Our mistake was we should have said something right then and discussed our plan for the film.

Travolta's real-life wife Kelly Preston co-stars as Victoria Gotti, while veteran actor Stacy Keach plays Gotti's mentor Aniello Dellacroce. The film, which started production in 2016 after a litany of delays and false starts, was set to come out on December 15, but will now be delayed as producers start the process of finding a new distributor. We'll find out sometime next year.

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