From Deadline

Benaroya Pictures has shut down the Robert De Niro, Robert Pattinson, and Rachel Weisz heist thriller Idol’s Eye, just as filming was set to commence in Toronto. “Due to the criteria for financing not being met by producers, Benaroya Pictures has formally decided to discontinue financing the motion picture titled Idol’s Eye,” the production company said in a statement today.

Idol’s Eye was to be director Olivier Assayas’s next film following Cannes entry Clouds of Sils Maria, starring Juliette Binoche and another Twilight star, Kristen Stewart. Benaroya came aboard as producer and financer in May, when De Niro also signed on to star. The film was originally developed by Charles Gillibert who was producing with CG Cinema, Bluegrass Films’ Scott Stuber, Film 360’s Scott Lambert, Alexandra Milchan and Michael Benaroya.

Filming was initially slated to begin in October in Chicago and Toronto. Benaroya Pictures, whose films include Margin Call, Kill Your Darlings, and the Werner Herzog’s upcoming Queen of the Desert co-starring Pattinson, say they were forced to shut down production after other producers on the project failed to meet financing deadlines.

“The company cannot continue to put its investment at risk and has been forced to stop cash flowing the production,” read Benaroya Pictures’ statement. “This is something all of us wanted to avoid, but due to the producers missing a number of financing criteria deadlines that were mutually established by all parties, we were left with no other options. Benaroya Pictures plans to retain the rights of the film and move forward with production on the picture after we generate a revised script and assemble a new filmmaking team.”

Ben Sachs was aboard as exec producer. CAA and WME were repping domestic rights while International Film Trust was set to rep foreign sales this month at AFM.