Annapurna ankles 'Side Effects'

Despite a release a week ago from distributor Open Road, it seems that Annapurna Pictures won't be financing Steven Soderbergh's "Unwanted Effects." Open Road, which in fact had signed onto distribute the film locally, introduced Jan. 18 the two companies would partner around the film, created by Lorenzo di Bonaventura, Gregory Jacobs and Scott Z. Burns, who also authored the script. Annapurna's Megan Ellison, Marc Butan and Ted Schipper would have offered as professional producers. Annapurna's decision to decrease from the film came late on Friday, sources told Variety. At some point, project had three high-profile thesps attached -- Channing Tatum, Blake Lively and Jude Law -- however their current participation is unclear. Meanwhile, Open Road stated will still be onboard: "The Road deal to produce the image is within place," a representative for Open Road told Variety. Plot particulars continue to be under systems. As the film presently doesn't have financier, sources tell Variety the film has multiple offers and can likely lock lower an offer before Sundance has ended. Annapurna is behind numerous notable projects slated for release this season, including John Hillcoat's "Wettest County," the Kaira Pitt-toplined "Cogan's Trade" and Kathryn Bigelow's untitled project concerning the capture of Osama Bin Laden. Annapurna didn't return demands for comment. Contact Rachel Abrams at Rachel.Abrams@variety.com