Here’s an exclusive statement from producers to Gossip Cop: “Due to the criteria for financing not being met by producers, Benaroya Pictures has formally decided to discontinue financing the motion picture titled IDOL’S EYE. The company cannot continue to put its investment at risk and has been forced to stop cash flowing the production.”

It continues, “This is something all of us wanted to avoid, but due to the producers missing a number of financing criteria deadlines that were mutually established by all parties, we were left with no other options. Benaroya Pictures plans to retain the rights of the film and move forward with production on the picture after we generate a revised script and assemble a new filmmaking team.”

On Monday, speculation that the movie’s future was in doubt spread after the actor Shane Daly tweeted, “Bad news morning… turns out that #IdolsEye, the Robert De Niro film has been cancelled. No reasons as of yet. @IdolsEyeFilm.”

 A rep for Daly later confirmed to Gossip Cop that he was informed early Monday that Idol’s Eye isn’t going forward now. Idol’s Eye was set to begin filming in Toronto, where Pattinson arrived a couple of weeks ago. Daly is listed on IMDb as playing “Officer Jones” in Idol’s Eye. The movie, directed by Olivier Assayas, was set to star Pattinson, De Niro, Rachel Weisz, with a plot inspired by the true story of a crew of thieves who try to rob a pawn shop, only to learn it’s a front for a brutal crime boss.

Source