Arquette has just ended a stint in rehab and has announced he's walked away from Jeff Beacher's Madhouse project, which opens at the Roosevelt Hotel later this year (11).
But Beacher insists he's not mad about Arquette's decision to quit.
He tells WENN, "I have ended our business partnership as David takes this time to concentrate on his health and well being.
"He is an incredibly gifted and amazing man, and will remain a close friend and continue to support my show and the Hollywood Roosevelt Hotel. Beacher’s Madhouse will open as scheduled with the flying midget bartender and all."