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.
Gotti, was directed by Entourage's Kevin Connolly and also stars Travolta's real-life wife Kelly Preston as Victoria Gotti, wife of John.
Travolta said that he and Lionsgate had agreed to cancel its rollout, and he had then bought it back off them so it could get a wider release with a different distributor.
But, in an interview with Deadline published Wednesday morning, Travolta pushed back, saying the speculation surrounding the fate of "Gotti" was "bordering on fake news". Lionsgate meant to give it a "minimal release". Travolta says he "literally begged" them to sell the movie back so another producer, Edward Walson ("Wonder Wheel"), could give it a wider release. "We didn't anticipate this speculation that is so grossly wrong" - that his film would "sleep with the fishes". There are chances of the release date getting pushed to 2018.
He claimed that he has experience with producing and distributing films, so he understands Travolta's frustration that the distributor didn't think of a way to promote the movie.
Mafia stories are normally a huge victor for both critics and cinema-goers, but it seems even this genre can't resurrect Travolta's career.
You'll have to wait a little longer to see the John Gotti biopic filmed in the Tri-State. "I learned quite a bit about the family, the mafia and how things worked in that world". The group produced Gotti with Highland Film Group and Fiore Films. "I was aware of it, because his fame paralleled when I became famous, but why was he so adored?"
The movie finds Travolta playing Gambino crime family boss Gotti, known as the Teflon Don for his ability to evade prosecution, in a long-awaited telling of his story. Gotti was convicted in 1992 and died in prison in 2002 while serving a life sentence.