In a significant development for the much-anticipated Donald Trump biopic, The Apprentice, it has been confirmed that Kinematics, a major financial backer of the film, has exited the project. James Shani's Rich Spirit, an executive producer on the highly-discussed movie, has now acquired Kinematics' interest, according to a statement released by the company.

The Apprentice made its debut at the Cannes Film Festival, where it received positive reviews, and recently had its U.S. festival premiere at Telluride to much acclaim. As the film gained momentum, speculation surrounding the involvement of Kinematics and their subsequent departure has been mounting.

Kinematics, led by Founder Mark Rapaport and President Emanuel Nuñez, played a crucial role in financing the production of The Apprentice. However, in a statement released today, Rapaport cited "creative differences" as the reason behind their decision to leave the project. Although financial terms of the deal between Kinematics and Rich Spirit were not disclosed, it is evident that James Shani's company has assumed control of Kinematics' interest in the movie.

Rapaport expressed his support for visionary independent filmmakers and stated that he initially saw great potential in The Apprentice after reading the script, prompting his commitment to fund its production. However, diverging artistic visions ultimately led to Kinematics' departure. While this departure may bring about changes in the movie's production and execution, it also signifies a new chapter for the project with Rich Spirit taking the reins.

The Apprentice has garnered considerable attention, thanks to its exploration of the controversial life of Donald Trump and his rise to fame through the hit reality show of the same name. With its favorable reception at Cannes and Telluride, the film has generated anticipation among audiences eager to witness a behind-the-scenes portrayal of the former President.

As the project moves forward under new management, fans await further updates on the casting, shooting schedule, and any potential revisions that may arise from the transition between Kinematics and Rich Spirit. The Apprentice continues to captivate the film industry, as its production gains momentum and draws closer to its highly anticipated release date.