The delayed mobster biopic "Gotti," starring John Travolta, will premiere at the Cannes Film Festival.
Film producers told The Associated Press on Tuesday that "Gotti" will premiere out of competition at Cannes at a special gala screening at the Palais des Festivals on May 15. The Cannes Film Festival begins May 8.
"Gotti" depicts the rise and fall of the notorious Gambino family crime boss John V. Gotti. It's directed by Kevin Connolly.
The movie was supposed to open in December. But just 10 days before its release, distributor Lionsgate sold the film back to its production company. Vertical Entertainment stepped in with a wider release plan set for June 15. Ticketing service MoviePass also invested in the film.
In a statement, Travolta thanked Cannes Film Festival director Thierry Fremaux for selecting "Gotti."
Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout
Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker.
Bloomberg news reported that Tencent and Guillemot family — minority stakeholders in Ubisoft — have been discussing ways to stabilize the company after it lost more than half its market value this year. Shares surged 33.5% to about $15.57 Friday, according to FactSet.
Ubisoft declined to comment. Tencent did not immediately respond to a request for comment.
France-based Ubisoft is the publisher behind the well-known franchise "Assassin's Creed." Ubisoft's shares fell last month to their lowest point in more than a decade after its latest title "Star Wars Outlaws" underperformed and the company announced that it would delay the latest "Assassin's Creed" game.
Yves Guillemot, Ubisoft's CEO, said in a statement last week that the company's "second quarter performance fell short of our expectations."
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