Particle.news

Download on the App Store

Heat 2 Hangs in the Balance as Warner Bros. Presses for Co-Financing

The studio has passed Michael Mann’s completed draft to Apple Original Films as it seeks to close the gap on a $170 million budget.

Leonardo DiCaprio in Once Upon a Time in Hollywood and Robert De Niro and Al Pacino in Heat
Image
Image
Image

Overview

  • Michael Mann delivered the first draft of the Heat 2 screenplay to Warner Bros. in March, marking a major creative milestone.
  • The project’s cost estimates fell from over $200 million to about $170 million but still exceed the studio’s standalone financing threshold.
  • Warner Bros. is pursuing co-financing arrangements and has shared the script with Apple Original Films to help underwrite production costs.
  • Industry reports indicate Leonardo DiCaprio is in talks to join the cast while Adam Driver and Austin Butler are rumored for younger versions of core characters.
  • Heat 2 remains without a release date and has not been green-lit as budget negotiations and casting discussions continue.