John Travolta calls reports about Gotti as fake news

Dropped Lionsgate has cut its ties to Gotti starring John Travolta just 10 days before the movie's scheduled release date of December 15

Dropped Lionsgate has cut its ties to Gotti starring John Travolta just 10 days before the movie's scheduled release date of December 15

Just ten days before John Travolta's Gotti biopic was due to be released, Lionsgate has severed all ties with the project.

Lionsgate has sold back the film to production company Emmett/Furla/Oasis, which produced it along with Highland Film Group and Fiore Films, reported Entertainment Weekly.

Travolta and Walson say that they are nearing a deal with a new distributor for the film, which is directed by Kevin Connolly, and hope to premiere it at next year's Cannes Film Festival.

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Lionsgate did not specify a reason for the sale, Vulture reports, while Deadline report that the sale was due to conflict in the distribution plans for the film. The production company reportedly exercised a buy back clause so that they could give it a bigger push.

SFGate's The Wrap reports that producers bought back the film because they wanted a "wide release" - not one at select theaters only, as Lionsgate planned.

He continued: "That is the simple explanation for this".

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One remaining unanswered question here - as mentioned above - is why Emmett/Furla/Oasis chose to buy back Gotti so close to its release date. No word yet on why Lionsgate made a decision to drop the movie, but stay tuned... Our mistake was we should have said something right then and discussed our plan for the film.

Travolta then revealed that Lionsgate said "no" twice but eventually let it go after he begged them. "We didn't anticipate this speculation that is so grossly wrong". Gotti managed to avoid jail time throughout the 1980s but was incarcerated for life in 1992. Travolta told Deadline that his portrayal would dig into why a violent man became a sort of folk hero. What I needed to know was why the public loved John Gotti so much.

John Gotti, right, arrives at court morning of Feb.9, 1990. His life takes a tumultuous turn as he faces tragedy, multiple trials and a prison sentence.

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