Netflix Is Spending Big On Scorsese's 'The Irishman'

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With a cast that already boasts De Niro, Pacino, Pesci and Keitel, we already knew that Scorsese meant business with his (inevitably glorious) return to the gangster genre, and now it's been revealed just how much Netflix has invested on his vision for The Irishman.

*Spoiler, it's a lot.

SEE ALSO: Eating Dinner With Martin Scorsese

In a move that could well signal a seismic shift in the movie industry, Netflix triumphed in a bidding war over a number of old money Hollywood studios, spending $105m (£82m) on Scorsese's adaptation of the book I Heard You Paint Houses, which chronicles the exploits of Frank 'The Irishman' Sheeran, a high-ranking mob hitman and is currently set for a 2018 release.

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As reported by Joe.co.uk, that Netflix began negotiations with Scorsese after Paramount decided that the project was "too risky".

A Paramount spokesman explained:

"Scorsese's movie is a risky deal, and Paramount is not in the position to take risks. This way, he can make the project he wants."

We like the sound of that. We like the sound of that a lot.