The Good Shepard: According to Variety, Graham King's Initial Entertainment Group has pulled out of financing The Good Shepherd, a pic set to star Leonardo DiCaprio and Robert De Niro under De Niro's direction.

The film was in pre-production and expected to be the next project for both actors, with domestic distribution going through Universal Pictures. IEG handled foreign sales on the title.

With a budget north of $110 million and U keeping a firm cap on its investment, the foreign market found it tough to accommodate the project. It's a history of the CIA, as seen through the eyes of career agent James Wilson. Eric Roth wrote the script.

The studio says it remains committed to the project, but production won't go forward unless another financier can be found.

King, who has a track record of finding independent financing for big-budget, star-driven dramas such as Di Caprio's upcoming "The Aviator" as well as "Ali," "Traffic" and "Gangs of New York," was to produce "The Good Shepherd" with De Niro and Jane Rosenthal. Francis Ford Coppola, Rick Schwartz and Chris Brigham are credited as executive producers.