The film's producers felt the same, and activated a buy-back clause in the original deal.
On Tuesday afternoon, reports emerged that a biopic of mobster John Gotti starring John Travolta was being dropped by its distributor, Lionsgate, just 10 days before its planned release. "They said no, twice, and I literally begged them to reconsider and they finally and generously let it go".
"Our mistake was we should have said something right then, and discussed our plan for the film", Travolta said.
EW previously confirmed that the film, directed by Entourage star Kevin Connolly, had been sold back to production company Emmett/Furla/Oasis, which was said to be seeking a new distributor for a 2018 release, as opposed to the originally planned December 15 theatrical bow. "We didn't anticipate this speculation that is so grossly wrong".More news: 2 students dead after high school shooting in New Mexico
John Travolta squashed his own film with hopes that it would get better play somewhere else. Travolta has played criminals and gangsters before, but he doesn't exactly scream "mob boss", while E from Entourage isn't exactly Martin Scorsese when it comes to bringing the necessary gravitas to this sort of project, and the decision to shoot this most NY of stories mostly in Cincinnati didn't bode so well either. There is said to be some buzz on Travolta's role in the film, so finding one shouldn't be a problem.
"It is not a common thing", film producer and consultant Kathryn Arnold told the Daily News of the purchase.
John Gotti, right, arrives at court morning of Feb.9, 1990. Attorney Gerald Schargel follows Gotti and his brother Peter Gotti, at left.
HuffPost has reached out to a Travolta rep and Lionsgate for further details but didn't immediately hear back.
"It's a bold move", she continued.