Leonardo DiCaprio drops out of film The Deep Blue Good-By... just days after losing the Oscar for FOURTH time

By Heidi Parker

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For the fourth time in 10 years, Leonardo DiCaprio had to sit in the audience of the Academy Awards on Sunday while another actor picked up the gold statuette he had been vying for.

On Wednesday it was revealed the actor was missing out on something else: the chance to play beach bum Travis McGee in a big-screen adaptation of the 1964 novel The Deep Blue Good-By.

According to Deadline, the 39-year-old actor is too busy to take the part.

Not happening: Three days after losing the Best Actor category at the Oscars, Deadline announced Leonardo DiCaprio will not be starring in the film The Deep Blue Good-By

Not happening: Three days after losing the Best Actor category at the Oscars, Deadline announced Leonardo DiCaprio will not be starring in the film The Deep Blue Good-By

Prized part: The movie is based on the 1964 novel that features a strong male character

Prized part: The movie is based on the 1964 novel that features a strong male character

The 39-year-old actor and his Appian Way partner Jennifer Davisson-Killoran are producing, with Amy Robinson and Chernin Entertainment.

James Mangold is in talks to direct the film which is based on the John D. MacDonald novel.

It's the first of a 21-volume novel series.

The central character McGeeis described as a bachelor and a man of principle.

Mystic River author Dennis Lehane wrote the most recent draft of the screenplay, while Dana Stevens and Kario Salem penned previous editions.

On Sunday, Leo had been nominated for his 2013 turn in The Wolf Of Wall Street but lost out to Matthew McConaughey who starred in Dallas Buyers Club.

The LA native has been nominated three times before: in 1994 for What's Eating Gilbert Grape, in 2005 for The Aviator, and in 2007 for Blood Diamond.

He was not nominated for his performance in 1997's Titanic.

Next up for DiCaprio is a movie about Richard Jewell.

He was first labeled a hero in the 1996 Atlanta Olympics bombing after he found a suspicious backpack. Later he was accused of causing the attack.

The story is based on a Vanity Fair article written by Marie Brenner.

He's A-list: Talking with his Wolf Of Wall Street director while at the Academy Awards

He's A-list: Talking with his Wolf Of Wall Street director while at the Academy Awards

According to Deadline, the Titanic star will re-team with his Wolf Of Wall Street co-star Jonah Hill for that one.

The site added: 'Jewell was the security guard who discovered a backpack in the Olympics compound in Atlanta in 1996.

'Initially hailed a hero for reporting the suspicious knapsack and then helping clear bystanders from the area before it exploded, Jewell was subsequently vilified just three days later as a potential suspect, his life and reputation torn apart in the advent of the 24 hour news cycle.

'Leonardo DiCaprio will play a lawyer Jewell knew casually, a Southern attorney who mostly did real estate closings and seemed in over his head, but he guided Jewell through a hellish Twilight Zone that went on even after the FBI officially cleared Jewell’s name three months later.'

No gold for this wolf: In character as Jordan Belfort in the 2013 film

No gold for this wolf: In character as Jordan Belfort in the 2013 film


The comments below have been moderated in advance.

I thought he said he was taking a break from acting a few weeks ago.

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All of this Leo-Oscar stories went out of hand. The dude never ever said anything bout holding a grudge, he never said anything bout expecting an Oscar.. people started their own "Give Leo an Oscar" campaign and put too much pressure on him, so now that he didn't win it, it seems as if he disappointed everyone. The only one who should be disappointed is him, and if he indeed is disappointed- he's being a real gentleman about it. This title with FOURTH in caps lock is mean and unnecessary.

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Is he pouting?

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He should have won... He is by far one of the best actors around

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Wouldn't it be horrible if the actor who takes his part wins an Oscar...

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Much as I like him, he doesn't have the look that people who have read the novels would imagine Travis to look like.

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Leonardo isn't the first Actor to not be recognized for his talent. Remember that some of the World's biggest stars have never won an Oscar in their life or even been nominated! He's lucky to have been nominated.

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I don't care what anyone says he completely deserved that Oscar he was incredible in the wolf of Wall Street

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Martin Scorcese was nominated 6 times before he won on his 7th attempt. Di Caprio is too talented and too good an actor to feel down about this. Plus the majority of the population know he is the best actor in Hollywood by a mile. His time will come.

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I surely hope the include a scene of hundreds of FBI agents standing out side of their office applauding and celebrating the return from their suspension agents who were suspended for violating Richards civil rights. They were welcomed back as heroes for committing crimes against an innocent man. Shame on them.

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