He claimed that he has experience with producing and distributing films, so he understands Travolta's frustration that the distributor didn't think of a way to promote the movie.
The production of this film was troubled from the start with a number of actors apparently attached to the lead role. The plan is now to give the movie a much wider release in the new year than it otherwise would have had.
But according to The Independent that isn't the reason the biopic was pulled.
"We signed this deal about three weeks ago, to purchase back the film from Lionsgate".
Lionsgate accepted the offer in a rare moment of generosity in the entertainment industry. The jury continued to debated charges that Gotti ordered the assault on John F. Connor, former vice president of Carpenters Union Local 608. No word yet on why Lionsgate made a decision to drop the movie, but stay tuned...
Travolta said Gotti is worth a more significant release and so he sought out Edward Walson to buy out Lionsgate for the rights to distribute and promote the film.
But speaking to Deadline, the Pulp Fiction star has slammed the rumours and tried to clear up the confusion, saying that he has brokered his own deal to get the movie a wider release than Lionsgate was planning.
John Travolta has clarified a few details regarding Tuesday's news that his upcoming John Gotti biopic will no longer be released via Lionsgate Premiere. It's all pure speculation though as there has been no official news on anything related to the matter, though if there is, we will likely hear so soon. It also features Travolta's wife Kelly Preston as the crime lord's spouse Victoria Gotti, and their daughter Ella Bleu Travolta as Angel Gotti, as well as Pruitt Taylor Vince, Stacy Keach, Chris Mulkey and Lydia Hull.
The crime-drama covers the life of the infamous leader of the Gambino crime family.