Movies & TV / News

Producers Bought Back Gotti To Get It A Wider Release

December 7, 2017 | Posted by Joseph Lee
Gotti

Yesterday, we reported that Lionsgate has sold the rights to the film Gotti, starring John Travolta, back to the film’s producers and it was pulled from release. Now TMZ reports that the film was purchased by a group that plans on giving it a wider release. Executive producer Keya Morgan claims that the film was originally set for a limited release by Lionsgate Premiere. The distribution arm of Lionsgate typically handles smaller releases, opening in select theaters and VOD.

Morgan says that the producers believe the film could do very well in wide release and Travolta could get award nominations for his performance. The original contract included a buyback clause, so the producers gave Lionsgate Premiere $10 million to buy the release rights. Lionsgate still stands to profit when the film is released. The film was set to arrive on December 15. The new plan is to take it to the Cannes or Venice Film Festival then release in at least 1,000 theaters on an unspecified date.

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Gotti, Joseph Lee