THE WOLF OF WALL STREET Starring Leonardo DiCaprio Lands at Red Granite Pictures, Martin Scorsese No Longer Directing

     May 11, 2011

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It’s been a very long road for the adaptation of Jordan Belfort’s 2008 memoir The Wolf of Wall Street. Originally, Leonardo DiCaprio was to produce and star in the film with Martin Scorsese directing. When production stalled, the two made Shutter Island instead. Then Ridley Scott came aboard the film as director last summer, only to be replaced by Scorsese again in February, when we learned that Warner Bros. had dropped the project and producers were now moving forward with independent financing. Now, The Playlist reports that indie Red Granite Pictures has picked up the rights to the project, with DiCaprio’s Appian Way still producing.

The report also states that Scorsese has moved on from the project. The director is expected to helm his long-in-gestation 17th century Jesuit priest drama Silence after he finishes post production on Hugo Cabret. The script for Wolf of Wall Street was written by Sopranos writer (and Boardwalk Empire creator) Terrence Winter and tells the story of stockbroker excess in the 1990s. No word on when filming would begin, but with DiCaprio shooting The Great Gatsby later this year I wouldn’t expect any movement before sometime in 2012. Hit the jump to read a synopsis of Belfort’s memoir.

the_wolf_of_wall_street_jordan_belfort_book_coverHere’s a synopsis of the book via Amazon:

By day he made thousands of dollars a minute. By night he spent it as fast as he could, on drugs, sex, and international globe-trotting. From the binge that sank a 170-foot motor yacht, crashed a Gulfstream jet, and ran up a $700,000 hotel tab, to the wife and kids who waited for him at home, and the fast-talking, hard-partying young stockbrokers who called him king and did his bidding, here, in his own inimitable words, is the story of the ill-fated genius they called…

In the 1990s Jordan Belfort, former kingpin of the notorious investment firm Stratton Oakmont, became one of the most infamous names in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of the canyons of Wall Street and into a massive office on Long Island. Now, in this astounding and hilarious tell-all autobiography, Belfort narrates a story of greed, power, and excess no one could invent.
Reputedly the prototype for the film Boiler Room, Stratton Oakmont turned microcap investing into a wickedly lucrative game as Belfort’s hyped-up, coked-out brokers browbeat clients into stock buys that were guaranteed to earn obscene profits–for the house. But an insatiable appetite for debauchery, questionable tactics, and a fateful partnership with a breakout shoe designer named Steve Madden would land Belfort on both sides of the law and into a harrowing darkness all his own.

From the stormy relationship Belfort shared with his model-wife as they ran a madcap household that included two young children, a full-time staff of twenty-two, a pair of bodyguards, and hidden cameras everywhere—even as the SEC and FBI zeroed in on them—to the unbridled hedonism of his office life, here is the extraordinary story of an ordinary guy who went from hustling Italian ices at sixteen to making hundreds of millions. Until it all came crashing down…

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