Martin Scorsese’s The Wolf Of Wall Street Budgeted At $85 Million

Not long ago it was announced that Martin Scorsese would again reunite with Leonardo DiCaprio, marking the fifth time that the duo will be working together. The film in question will be an adaptation of Jordan Belfort’s novel The Wolf Of Wall Street. Today, we have an official press release for the film, which was written by Boardwalk Empire show runner Terence Winter.

Scorsese pretty much has what ever he wants when he decides to make a film and for The Wolf Of Wall Street, he’s been granted an $85 million dollar budget. That may be a little higher than expected but being set in the 1990’s, the film may need some extra cash to help re-create the time period.

No news on supporting cast yet but with Scorsese and DiCaprio leading the way, you can be sure that there will be a ton of A-list talent attracted to the project.

The Wolf Of Wall Street stars Leonardo DiCaprio and will begin production in New York this August, for a 2013 release. The official press release can be read below.

“Los Angeles, CA – April 19, 2012 – Martin Scorsese will direct The Wolf of Wall Street starring Leonardo DiCraprio. The deal, which brings Scorsese and DiCaprio together for their fifth feature collaboration, was made official today.

Red Granite Pictures owns the rights to Jordan Belfort’s best-selling memoir The Wolf of Wall Street, on which the film is based. Red Granite principals Riza Aziz and Joey McFarland are producing along with Leonardo DiCaprio (Appian Way), Martin Scorsese and Emma Koskoff (Sikelia Productions) and Alexandra Milchan (EMJAG Productions). Irwin Winkler and Georgia Kacandes will executive produce.

Leonardo DiCaprio will star as Jordan Belfort – the ‘Wolf of Wall Street.’

Terence Winter (The Sopranos, Boardwalk Empire) adapted the screenplay, which chronicles Belfort’s dramatic rise and fall on Wall Street, along with his hard-partying lifestyle and tumultuous personal life, which included drug and alcohol addiction.

“Everything about this film plays to Martin Scorsese’s genius and visionary storytelling, said Riza Aziz. “At its heart, ‘The Wolf of Wall Street’ is about the rise of new ‘modern’ gangsters in New York. Wall Street gangsters that redefined excess, greed and arrogance. We’re excited to see Mr. Scorsese take the reins of this visceral, tumultuous ride.”

“All of us at Appian Way are thrilled to collaborate, once again, with Martin Scorsese,” said Jennifer Killoran, partner in Appian Way. “With Martin’s unique vision and our partnership with Red Granite Pictures and EMJAG, we are excited to bring this story to film.”

Production on The Wolf of Wall Street is slated to begin in August in New York.

With a celebrated career now spanning six decades, Martin Scorsese is one of the most influential filmmakers in cinema history. A cinematic master, his works include such iconic films as Goodfellas, Taxi Driver, Mean Streets, Raging Bull, Casino, Gangs of New York, The Aviator, Shutter Island, and The Departed.

The acclaimed director, producer and screenwriter is one of the most decorated filmmakers of all time and continues to delight critics and audiences alike with his most recent work, Hugo, a multiple Academy Award® winning film that not only marked the director’s first foray into 3D but is also his first adventure film for all the family. Scorsese has also made a number of ground-breaking documentaries including celebrated music films No Direction Home: Bob Dylan, Shine a Light and George Harrison: Living in the Material World.

He was nominated for an Academy Award® for Best Director seven times before earning one in 2007 for The Departed. Scorsese’s additional awards and honors include the Golden Lion from the Venice Film Festival (1995), the AFI Life Achievement Award (1997), the Honoree at the Film Society of Lincoln Center’s 25th Gala Tribute (1998), the DGA Lifetime Achievement Award (2003), The Kennedy Center Honors (2007) and the HFPA Cecil B. DeMille Award (2010).

Scorsese is the founder and chair of The Film Foundation, a non-profit organization dedicated to the preservation and protection of motion picture history. In 2007 Scorsese launched the World Cinema Foundation, a not-for-profit organization dedicated to the preservation and restoration of neglected films from around the world, with special attention paid to those developing countries lacking the financial and technical resources to do the work themselves. Scorsese is the founder and chair.

Martin Scorsese is represented by WME and manager Rick Yorn. Yorn also represents Leonardo DiCaprio. David Boyle of Red Granite Pictures negotiated both Scorsese and DiCaprio’s deal on behalf of the company while Channing Johnson of Loeb & Loeb oversaw the book and script rights acquisition for Red Granite.”