The mob is heading to Netflix!
The streamer has picked up the rights to Martin Scorsese's long-awaited gangster movie, which originally was going to set up at Paramount, according to the sources, reports The Hollywood Reporter.
This news comes after the announcement that Brad Grey was exiting Paramount as the chairman.
In Cannes, STX prevailed in a heated bidding war to pick up the film's foreign rights for $50 million, with Paramount attached to handle the domestic distribution.
The movie will see Scorsese reuniting with the trio of Robert DeNiro, Al Pacino and Joe Pesci.
Steve Zaillian adapted the film from Charles Brandt's book, 'I Heard You Paint Houses', which sees the exploits of Frank Sheeran, a high-ranking Teamsters official with ties to the Bufalino crime family. Shortly before his death in 2003, Sheeran confessed that he killed fellow teamster leader Jimmy Hoffa, whose body was never found. He also claimed that it was Hoffa who wanted John F Kennedy killed.
An official start date has not yet been set for the project, which was first announced back in 2008.