Netflix Saves Soderbergh's Panama Papers Drama ‘The Landromat:’ Oldman, Streep, Banderas and David Schwimmer Will Star

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Newly un-retired director Steven Soderbergh has already completed his upcoming movie titled “High Flying Bird,” set for release next year, but many of us were wondering what was going to happen with his 'Panama Papers' project, an ambitious film about the infamous documents which actually goes by the title of “The Laundromat.” 

Well, Deadline is reporting that Soderbergh’s film has been picked up by Netflix. They are also confirming that the cast will also be composed of Antonio BanderasGary OldmanDavid Schwimmer, and Meryl Streep. 

“The Laundromat” is based on the true story of a money laundering scheme at the Panama-based law firm of Mossack Fonseca. The firm created thousands and thousands of fake “companies” to help their client base avoid paying taxes. Eventually, a whistleblower released a massive amount of documents related to the scheme.

There’s no release date as of now for 'The Laundromat,' but I can only assume it will be released next year for Oscar consideration. Soderbergh's hasn't really made Oscar-bait type fare since, gosh, 2000's one-two punch of 'Erin Brokovich' and 'Traffic.' Of course, 'The Laundromat' could easily turn out to be another artsy affair for the talented writer-director but something tells me that Meryl Streep's presence will not make it become that kind of movie.