Louis C.K. is buyingI Love You, Daddyback from distributor

EW has confirmed that disgraced actor-director Louis C.K.

is nearing a deal to retain all rights to his latest film,I Love You, Daddy.

TheTimesstory includes accounts from five women who claim Louis C.K.

either masturbated in front of them or during conversations with them over the phone.

Its a predicament for them.

The power I had over these women is that they admired me.

And I wielded that power irresponsibly.

I have been remorseful of my actions.

And Ive tried to learn from them.

I Love You, Daddywas financed, co-written, and directed by Louis C.K.

and shot in 35mm black-and-white across 20 days in New York City earlier this summer.

A representative for C.K.

did not return EWs request for comment.