Banner backs out of Soderbergh thriller plans with Open Road

Despite a release last week from distributor Open Road, it appears that Annapurna Pictures will not be financing Steven Soderbergh’s “Side Effects.”

Open Road, which had signed on to distribute the movie domestically, announced Jan. 18 that the two companies would partner on the film, which is being produced by Lorenzo di Bonaventura, Gregory Jacobs and Scott Z. Burns, who also wrote the screenplay. Annapurna’s Megan Ellison, Marc Butan and Ted Schipper were to have served as exec producers.

Annapurna’s decision to drop off the film came late on Friday, sources told Variety. At one point, project had three high-profile thesps attached — Channing Tatum, Blake Lively and Jude Law — but their current involvement is unclear.

Late Tuesday, news broke that Catherine Zeta-Zones had been attached to star in the project.

Meanwhile, Open Road said it’s still onboard: “The Open Road deal to release the picture is in place,” a spokesperson for the company told Variety.

While the film currently has no financier, sources tell Variety that the film has multiple offers and will likely lock down a deal before Sundance is over.

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