The company will no longer be involved in selling or production of the film, according to the report.
However, there are reportedly “other bidders and investors who are fully financing production,” according to Brett
“On the heels of the announcement of the long gestating Milli Vanilli movie, the project fielded multiple competitive bids and a group of private equity investors have emerged that are fully financing the movie to begin production shortly. Millennium will not be selling the film at EFM or be involved in the production,” the production companies announced in a joint statement.
The biopic follows the ’80s and ’90s lip-synching musicians, and is set to be the director’s return following multiple allegations of sexual misconduct in 2017 by seven women, including Olivia Munn and Natasha Henstridge.
Time’s Up previously said in a statement that he should not be granted a comeback.
“TIME’S UP was born out of the national reckoning on workplace sexual harassment. Our movement is a product of countless courageous acts by many survivors, including those who spoke out about what they endured at the hands of Brett Ratner,” the organization’s Tina Tchen said.
“Not only did Ratner never acknowledge or apologize for the harm he caused, but he also filed lawsuits in an attempt to silence the voices of survivors who came forward – a tactic right out of the predator’s playbook. You don’t get to go away for a couple years and then resurface and act like nothing happened. We have not – and will not – forget. And Millennium Media shouldn’t either. There should be no comeback. #wewontforgetbrett.”