Click to Skip Ad
Closing in...
'Star Wars: Episode VII — The Force Awakens' Trailer Hits Theaters This Friday 'Star Wars: Episode VII — The Force Awakens' Trailer Hits Theaters This Friday Christian Bale Admits He Was Initially "Jealous" When Ben Affleck Was Cast As Batman Christian Bale Admits He Was Initially "Jealous" When Ben Affleck Was Cast As Batman Watch: First Trailer For Thomas Vinterberg's 'Far From The Madding Crowd' Starring Carey Mulligan Watch: First Trailer For Thomas Vinterberg's 'Far From The Madding Crowd' Starring Carey Mulligan Watch: Zac Efron Talks About His Masturbation Techniques In 'The Interview' Segment With James Franco Watch: Zac Efron Talks About His Masturbation Techniques In 'The Interview' Segment With James Franco First Look Images: Patrick Stewart As A Neo-Nazi In 'Blue Ruin' Director Jeremy Saulnier's 'Green Room' & More First Look Images: Patrick Stewart As A Neo-Nazi In 'Blue Ruin' Director Jeremy Saulnier's 'Green Room' & More Watch: Footage From "Sick," Unreleased Marilyn Manson Video, Directed By Eli Roth & Featuring Lana Del Rey Watch: Footage From "Sick," Unreleased Marilyn Manson Video, Directed By Eli Roth & Featuring Lana Del Rey R.I.P. Mike Nichols (1931-2014) R.I.P. Mike Nichols (1931-2014) Christopher Nolan Talks 'Interstellar' Twist And Enigmatic Ending Christopher Nolan Talks 'Interstellar' Twist And Enigmatic Ending Watch: Al Pacino Plays An Aging Rocker Transformed By John Lennon In First Trailer For ‘Danny Collins’ Watch: Al Pacino Plays An Aging Rocker Transformed By John Lennon In First Trailer For ‘Danny Collins’ Review: 'The Hunger Games: Mockingjay — Part 1' Starring Jennifer Lawrence, Philip Seymour Hoffman, And More Review: 'The Hunger Games: Mockingjay — Part 1' Starring Jennifer Lawrence, Philip Seymour Hoffman, And More Watch: First Trailer For 'The Age Of Adaline' Starring Blake Lively, Ellen Burstyn And Harrison Ford Watch: First Trailer For 'The Age Of Adaline' Starring Blake Lively, Ellen Burstyn And Harrison Ford Review: Christopher Nolan's 'Interstellar' Starring Matthew McConaughey, Jessica Chastain, Anne Hathaway & More Review: Christopher Nolan's 'Interstellar' Starring Matthew McConaughey, Jessica Chastain, Anne Hathaway & More Watch: 3 Graphic, Very NSFW Clips From Lars von Trier's 'Nymphomaniac Vol II — Director's Cut' Watch: 3 Graphic, Very NSFW Clips From Lars von Trier's 'Nymphomaniac Vol II — Director's Cut' The Best Documentaries Of 2014 So Far The Best Documentaries Of 2014 So Far The 20 Best TV Shows Of The 2013/2014 Season The 20 Best TV Shows Of The 2013/2014 Season The Best Films Of 2014 So Far... The Best Films Of 2014 So Far... SXSW Review: Spierig Brothers 'Predestination'  Starring Ethan Hawke SXSW Review: Spierig Brothers 'Predestination' Starring Ethan Hawke From Worst To Best: Ranking The Films Of Hayao Miyazaki From Worst To Best: Ranking The Films Of Hayao Miyazaki The 10 Best & Worst Movie Sex Scenes The 10 Best & Worst Movie Sex Scenes All The Songs In 'Pitch Perfect' Including La Roux, David Guetta, Azealia Banks, Nicki Minaj & More All The Songs In 'Pitch Perfect' Including La Roux, David Guetta, Azealia Banks, Nicki Minaj & More

Warren Beatty's Howard Hughes Biopic Loses Major Financial Backer & Casting Director

Photo of Kevin Jagernauth By Kevin Jagernauth | The Playlist November 15, 2011 at 3:48PM

Did Paramount see the writing on the wall before anybody else? Warren Beatty has never been the easiest person to work with (the production history/drama of "Reds" is legendary), but with a project 25 years in the making, marking the return of return of a legend who has been out of the spotlight for more than a decade would be enticing for many. So while the studio declined to handle the untitled movie, New Regency swooped in to take control, teaming with Morgan Creek Productions and billionaire Steve Bing to produce, with a 45/45/10 split among the three. But somebody is now backing out.
3
PHOTO Warren Beatty's Howard Hughes Biopic Loses Major Financial Backer & Casting Director

Did Paramount see the writing on the wall before anybody else? Warren Beatty has never been the easiest person to work with (the production history/drama of "Reds" is legendary), but with a project 25 years in the making, marking the return of return of a legend who has been out of the spotlight for more than a decade would be enticing for many. So while the studio declined to handle the untitled movie, New Regency swooped in to take control, teaming with Morgan Creek Productions and billionaire Steve Bing to produce, with a 45/45/10 split among the three. But somebody is now backing out.

Less then a day after Felicity Jones landed the female lead in the picture, THR reports Morgan Creek has bailed, leaving the project with a major financial obstacle to overcome. So what caused the big split? A mere $5 million dollars. Word is that the film is currently budgeted at $47 million, and apparently producers along with Fox, who are thinking about picking up the movie, wanted that number reduced to $42 million. No one could be swayed, forcing Morgan Creek to bolt altogether.

Now, we figure there as has got to be a bigger (dirtier) story as to why $5 million has caused such a dramatic shift (also, why does Fox care about the budget if they're not financing it?). Perhaps we can look to the exit of casting director Debra Zane. Hand-picked by Beatty, she is said to have left for the all too vague "creative differences," though maybe Beatty bristled at being given Justin Timberlake's headshot to consider for one of the roles. But if there are issues occurring on a deeper level, it may be causing some hesitation from financial types to hand over checks to Beatty. Perhaps the scope and vision of his project is already changing? Who knows.

But as it stands, Beatty's pic needs $21 million or so from somebody to get moving again. Calling Megan Ellison?

This article is related to: Warren Beatty


The Playlist

The obsessives' guide to contemporary cinema via film discussion, news, reviews, features, nostalgia, movie music, soundtracks, DVDs and more.


E-Mail Updates