A source says Netflix was competing with Universal to be the next project for Leitch, but Universal pulled ahead. According to sources, Netflix put out an urgent call for another director to take over a project featuring the star who was heavily favored to win best actor at the Oscars. But soon after Smith’s attack on Chris Rock on the Oscars stage, Netflix quietly moved the project to the back burner.

Fast and Loose was to tell the story of a crime boss who loses his memory after an attack. Piecing together clues, he discovers that he has led a double identity as a wealthy kingpin and a broke CIA agent. It appears that Netflix was understandably wary of moving forward. It is unclear whether it will try to make the project with another star and director.