Martin Scorsese, Leo DiCaprio Head to Paramount with ‘Wolf of Wall Street’

Paramount has acquired domestic rights to Martin Scorsese's upcoming drama "Wolf of Wall Street" with Leonardo DiCaprio

Last Updated: October 16, 2012 @ 3:44 PM

Martin Scorsese and Leonardo DiCaprio are returning to Paramount with their upcoming drama, “The Wolf of Wall Street,” an individual with knowledge of the deal told TheWrap.

Getty Images

The studio has acquired domestic rights to the film, which chronicles the rise and fall of Jordan Belfort (DiCaprio), a Wall Street trader whose own success leads him down a path towards substance abuse and, eventually, jail time. It plans to release the film in the fourth quarter of next year, positioning it for awards season. Scorsese’s films often garner multiple nominations, though wins have been harder to come by.

Scorsese is directing the film from Terence Winter’s script. Winter, a main writer on “The Sopranos,” created HBO’s “Boardwalk Empire," which Scorsese directed the pilot for.

Winter adapted “Wolf” from Belfort’s memoir, one of two best-sellers written by the former trader.

Paramount also distributed Scorsese and DiCaprio’s last collaboration, “Shutter Island." That thriller was initially slated for a fourth quarter release, but the studio then moved it to February.

Though it was not a major awards contender, it made almost $300 million at the global box office and received largely positive reviews.