Following the publishing of a New York Times investigative piece that provided details of sexual misconduct perpetrated by comedian Louis C.K. (which he confirmed were "true") everything associated with the comic became immediately toxic, and because of that all his ongoing projects (including a Netflix special and his FX show) were canceled. Also scrapped was his new film I Love You, Daddy, which was originally purchased by independent film/video distribution company The Orchard, who snagged it for $5 million after it debuted at the Toronto Film Festival back in September.
Now, according to The Hollywood Reporter, the company is close to completing a deal that would return the rights of the movie back to Louis while simultaneously getting them off the hook for both paying for its marketing campaign, and also for sending out 12,000 screeners for awards consideration.
Previously (as in mid-November, right when the allegations were made public), The Orchard had suspended their plans to distribute the film. It was originally slated for a fall release.
C.K. personally financed the black-and-white picture (which features Charlie Day, Chloe Grace Moretz and John Malkovich) and shot it over the course of three weeks this past Summer. In September, he told THR that he had a plan to put the movie out on his own (should it come to that) but that he preferred to get a deal that would screen it in theaters. "This is a movie I want to see projected," he had said. "I want someone who can put this in theaters. That’s a big goal for me. ... Down the road, of course I want people to see it in their homes. Maybe that would be [on] my website, but I want it in theaters first."
While you might think that, logically, that has become his new intention based upon these actions, it is not clear from the THR article whether or not he's going forth with that plan.