Netflix's New Will Smith Flick 'Fast And Loose' On Hold Following Oscars Slap Fallout

Will Smith has lost more than his membership with the Academy of Motion Picture Arts and Sciences — now it looks like his movie deal with Netflix is up in the air, although it doesn't appear to be entirely because of the famed slap.

The popular streaming service has casually moved action-thriller Fast and Loose from front and center to the backburner after losing its director David Leitch only one week before the Oscars.

The acclaimed director — known for action flicks such as Deadpool 2, Atomic Blonde and Hobbes and Shaw — left the Netflix movie and instead, took a job directing Universal's Fall Guy starring Ryan Gosling, which will begin production this August.

Netflix previously began a frenzied search for a replacement director to take over the upcoming project, according to sources per The Hollywood Reporter, but quietly slowed their efforts and put the project on hold following the altercation at the 94th Academy Awards.

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As OK! previously reported, Smith stunned fans and fellow attendees when he took the stage and slapped Oscar presenter Chris Rock across the face for making a G.I. Jane joke about Jada Pinkett Smith's shaved head.

Sources later claimed Rock had no idea that she had been diagnosed with alopecia, and that he "doesn't have a mean bone in his body."

Fast and Loose is set to follow the story of a crime boss — played by Smith — with amnesia who previously lived a double life of a wealthy kingpin and a bankrupt CIA agent. Throughout the thriller, Smith's character must piece together his fragmented memories.

Now, in light of recent events, it is currently unclear whether or not Netflix will move forward with the film, or keep it permanently on the backburner.

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