Relativity Lets Go of Natalie Portman Western 'Jane Got a Gun'
Facing bankruptcy, Ryan Kavanaugh's company no longer plans to release the film, which was scheduled to hit theaters on Sept. 4.
Relativity Media, as it faces imminent bankruptcy, has let go of Jane Got a Gun, the upcoming Western starring Natalie Portman, which the beleaguered company had planned to distribute on Sept. 4.
Relativity confirmed that it has given up its rights to the film, although it was not immediately clear what the next move is for Jane’s producers. The Weinstein Co. had planned to team with Relativity on the movie’s domestic release, with Relativity taking the lead, so the Weinstein Co. would be a logical home for the movie, although, according to sources, given the fast-changing situation, no discussions about the film's future have yet taken place. Relativity had had distribution rights to the film, but it hadn't financed the production, and P&A funds were being provided by a third party. CAA is now handling a new domestic distribution deal.
Attorney David Boies — whose daughter Regency Boies is among the film’s producers along with Zack Schiller, who is the son of Boies’ law partner Jonathan Schiller, and Scott Pictures' Scott Steindorff — was instrumental in freeing Jane from Relativity. Boies also is close to Harvey Weinstein — he represented Weinstein in his battle with Warner Bros. over the film title The Butler —which is another indicator that the film could end up at the Weinstein Co.
Jane has already survived more than any one film’s share of cliffhangers. In 2013, as it was about to go into production, Lynne Ramsay, who was set to direct, exited, and several days later Gavin O’Connor came on board. In the process, the movie also went through a series of cast changes before settling on its final cast, headed by Natalie Portman, Joel Edgerton and Ewan McGregor.
The movie’s release has already been postponed several times by Relativity — from Aug. 29, 2014 to Feb. 20 of this year and then to Sept. 4.
Jane is the first of series of movies that now appear to be in play, given Relativity’s fortunes.
Meanwhile, as Relativity began laying off 75 staffers, remaining employees met with Relativity president Tucker Tooley and a representative from FTI Consulting, which specializes in corporate restructuring and is now overseeing business at the company.
A Chapter 11 bankruptcy filing is expected to take place by Thursday morning, July 30.