Studio bosses have put the film on “turnaround”, allowing producer Graham King to offer the movie to other interested studios, according to trade paper Variety.
Favreau had already begun casting for Jersey Boys and was planning to start shooting early next year (13).
Dominic Cooper, Vincent Piazza and Paul Dano were among the stars reportedly interested in taking the Frankie Valli and the Four Seasons biopic to the big screen.
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