It’s been a year since Martin Scorsese and Leonardo DiCaprio committed to working together a fifth time on a big screen treatment of former Wall Street tycoon/ex-convict Jordan Belfort’s memoir, The Wolf of Wall Street. Since then, Scorsese has been tapped to helm a remake of The Gambler (with DiCaprio) and an adaptation of the serial killer novel The Snowman – to say nothing of long-gestating Scorsese projects like Silence and The Irishman.

Now that Red Granite Pictures has come aboard to fund Wolf of Wall Street, Scorsese is ready to make that flick his followup to the multiple Oscar-winning Hugo – not to mention, the legendary filmmaker’s fifth collaboration with DiCaprio, following Gangs of New York, The Aviator, The Departed, and Shutter Island.

Deadline is reporting that Red Granite – which just barely released the indie rom-com Friends with Kids – has high hopes for The Wolf of Wall Street. The studio sees the project as “an opportunity to be put on the map” in the same way that GK Films established itself as a premiere production force by backing both Scorsese’s Gangs of New York and The Aviator.

Moving on – here is an official description of Belfort’s original biographical work:

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 [“The Wolf of Wall Street”].

The Wolf of Wall Street sounds like prime material for Scorsese to tackle, as Belfort is the sort of real larger-than-life immoral character along the lines of Henry Hill (Goodfellas) or Frank Rosenthal (Casino), or even Howard Hughes (The Aviator) – if they had chosen to become corrupt Wall Street fat cats, that is. Similarly, the role of Belfort is one that DiCaprio should have a lot of fun sinking his teeth into – not to mention, could potentially bring the A-lister the sort of awards glory that’s evaded him to date.

If that’s not enough to convince you that Wolf of Wall Street could be something special: the screenplay for Scorsese’s film adaptation was written (and is currently being polished off) by Terence Winter, a former co-showrunner on The Sopranos and the creator of Boardwalk Empire. Suffice it to say, both Winter and Scorsese are masters at creating captivating portraits of criminal figures – which makes them a great fit to bring this  particular story to cinematic life.

The Wolf of Wall Street is slated to begin production on location in New York by August of this year. We will keep you posted on any noteworthy developments that occur in the meantime.

Source: Deadline