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Kevin Spacey's first post-scandal movie hits theaters in August

Kevin Spacey at the Bits & Pretzels Founders

Kevin Spacey at the Bits & Pretzels Founders Festival in Munich, Germany, in September. Credit: Getty Images for Bits & Pretzels / Hannes Magerstaedt

The movie “Billionaire Boys Club,” which has been in limbo since star Kevin Spacey was accused in October of making sexual advances toward a 14-year-old actor in 1986, has received dates for digital and video-on-demand as well as theatrical release.

Distributor Vertical Entertainment told that the thriller — a remake of the 1987 TV movie about a Ponzi scheme and eventual murders committed by young graduates of Los Angeles’ private Harvard School for Boys — would reach digital platforms and VOD on July 17, followed by a limited theatrical release on Aug. 17.

It tentatively had been scheduled for an Aug. 3 theatrical release, according to a Los Angeles Times list in April of this summer’s movies.

Following the sexual harassment allegations by “Star Trek: Discovery” star Anthony Rapp and misconduct and assault accusations by other men against Spacey last autumn, Netflix dropped the actor from his series “House of Cards.” The streaming service also canceled a Gore Vidal biographical drama that had completed production, with Spacey in the starring role. The Tony Award- and two-time Academy Award-winning actor’s completed scenes in Sony Pictures’ Ridley Scott feature “All the Money in the World” were scrapped and reshot with Christopher Plummer in the role, for which that actor earned an Oscar nomination.

“We hope these distressing allegations pertaining to one person’s behavior — that were not publicly known when the film was made almost 2.5 years ago and from someone who has a small, supporting role in ‘Billionaire Boys Club’ — do not tarnish the release of the film,” Vertical Entertainment said in a statement. Spacey has the supporting role of murder victim Ron Levin in the period crime drama, starring Ansel Elgort, Taron Egerton, Emma Roberts, Billie Lourd, Cary Elwes, Rosanna Arquette and, in a different role from his starring turn in the original telefilm, Judd Nelson.

“We don’t condone sexual harassment on any level and we fully support victims of it,” Vertical’s statement went on. “At the same time, this is neither an easy nor insensitive decision to release this film in theaters, but we believe in giving the cast, as well as hundreds of crew members who worked hard on the film, the chance to see their final product reach audiences. In the end, we hope audiences make up their own minds as to the reprehensible allegations of one person’s past, but not at the expense of the entire cast and crew present on this film.”

Spacey has not commented on social media since his Oct. 29, 2017, statement of apology to Anthony Rapp, in which he also revealed he is gay.

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