Megan Ellison, Annapurna Pictures looking to help finance Leonardo DiCaprio's 'The Revenant'

By Kyle Johnson,

With one backer for The Revenant dropping out, Annapurna Pictures and producer Megan Ellison are looking to potentially step in as a replacement.

According to The Hollywood Reporter, who first learned of the news, Annapurna is looking to step in and help principle backer New Regency with Worldview Entertainment now out of the picture.

Worldview's exit comes as the company is looking to pull back on costs in the wake of the departure of CEO Christopher Woodrow, who is dealing with personal misconduct allegations.

While there are financing issues, which certainly worry New Regency as both current stars, Leonardo DiCaprio and Tom Hardy, are said to have pay-or-play deals, director Gonzalez Inarritu also hasn't been happy with the budget.

A source says there is a specific sequence said to cost $7 million on its own he wants, which isn't in the budget. "Alejandro has been threatening to walk off, but Alejandro will get his way, and everything will be fine."

Until now, there had been positive progress made towards going into production as Hardy signed on in late June, and DiCaprio has been attached to the project for some time.

The Revenant, which is based off Michael Punke's novel The Revenant: A Novel of Revenge, follows a fur trapper (DiCaprio) who gets robbed and left for dead. He survives and predictably goes looking for revenge.

image courtesy of Kristin Callahan/ACE/INFphoto.com



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