etflix and Apple TV+ have reportedly withdrawn their interest to produce a biopic about Will Smith in the fallout of the Oscars slap.
It was claimed the streaming giants were locked in a bidding war to secure the rights to a film based on the I Am Legend star’s best-selling autobiography which came out last year.
Now it has said the companies have “quietly withdrawn” their offers after Smith, 53, stormed the stage at last week’s Oscars and struck Chris Rock for making a bald joke about his wife Jada Pinkett Smith who suffers with hair loss condition alopecia.
A source told The Sun: “Netflix and Apple+ have quietly removed their bids for a Will Smith biopic and will instead relocate the funds and develop original ideas from new black actors.
Oscars 2022: Will Smith’s Night at the Oscars – In Pictures
“Working with Will has become a risky business. They now plan on developing ideas with more family friendly stars like Mike Epps and Michael B. Jordan.”
Plans for a fourth Bad Boys movie are currently on hold. Smith’s Netflix project Fast And Loose also has been put on ice.
Smith stood down from the Academy last week and he said his actions were “inexcusable” in a statement.
The Academy accepted his resignation amid the pending investigation.
A decision is set to be made on April 18 as to whether or not he can keep his Best Actor Oscar for King Richard which he was awarded moments after slapping Rock.
He has also issued an apology to Rock on social media. “I was out of line and I was wrong. I am embarrassed and my actions were not indicative of the man I want to be.” He said.
“There is no place for violence in a world of love and kindness.”
The Standard has reached out to Netflix, Apple TV+ and Will Smith’s representatives for further comment.