Netflix will complete and release Orson Welles' unfinished "The Other Side of the Wind" four decades after the late director's aborted comeback effort was filmed.

The 1,083 reels of footage, which had been stored in a Paris since the 1970s shoot, are now in Los Angeles for editing, according to Filip Jan Rymsza ("Sandcastles," "Dustclouds"), who, along with Frank Marshall ("Jurassic World," "Jason Bourne"), is producing the film. Director Peter Bogdanovich ("The Last Picture Show," "Mask"), who co-starred in the movie and was tasked by Welles to complete it in the event of his death, is consulting on the editing.

After years of intense negotiations, the producers are ready to "bring this film to life," Rymsza said.

Netflix Chief Content Officer Ted Sarandos added, "Like so many others who grew up worshipping the craft and vision of Orson Welles, this is a dream come true. The promise of being able to bring to the world this unfinished work of Welles with his true artistic intention intact, is a point of pride for me and for Netflix."

Welles, who produced, directed, starred in and co-wrote the cinematic masterpiece "Citizen Kane" at the age of 25, toiled to complete "The Other Side of the Wind" until his death in 1985. It was sidelined by numerous obstacles, including the Islamic Revolution in Iran. (A principal investor was the Shah of Iran's brother-in-law.)

Rymsza, who has acquired partial rights to the footage, embarked on negotiations with Beatrice Welles, who manages her father's estate; and actress Oja Kodar, Welles' longtime companion and a co-owner of the film.

Although the parties reached an agreement in October 2014, the producers hunt for a suitable distributor proved to be difficult.

Rymsza raised $406,405 with an Indiegogo campaign in July 2015 and months later inked a deal with Netflix to show the film to its 93 million subscribers worldwide. However, the new deal required him redo all of the previous rights agreements, a process that took a year and a half.

"A lot of people might not understand that Netflix is a totally different model, it's unlike any other distributor or studio," Rymsza said. "Once this became the plan... and I knew the interest was real, we moved forward into the dealmaking phase. I knew it would require my redoing every single rights deal. They are structured differently and (the previous agreements) would not be compatible. But at the end of the day, it would be extremely worth it because of their reach and because they really understood what we were doing on a macro level.They are such wonderful partners and their level of commitment is beyond anybody else."

A 4k scan of the negative, rushes, dailies and Welles' own workprint will soon begin at Technicolor in Hollywood.

Prior the footage leaving Paris, Rymsza's team checked the negative for signs of deterioration. Handwritten information from each reel or film can was collected and entered into a Microsoft Excel spreadsheet. The footage was then transferred onto modern cores and prepped for its 4K scan. The sound elements, contained on quarter-inch analog audio tapes, will be converted into digital files.

Produced by Rymsza's Royal Road Entertainment, "The Other Side of the Wind" is the latest high profile project from Netflix. It has bankrolled theatrical efforts like "Beasts of No Nation," the Academy Award-winning "The White Helmets" and Martin Scorsese's upcoming "The Irishman" starring Robert De Niro and Al Pacino.

Welles' film takes place at the 70th birthday party of director Jake Hannaford (played by the John Huston). The party is attended by New Hollywood directors, like Brooks Otterlake (Bogdanovich), various hangers-on and film critics. Hannaford dies at the conclusion of the night and the movie recounts his final hours using footage shot at the party, along with scenes from his unfinished comeback movie. Rounding out the cast are Kodar, Cameron Mitchell, Mercedes McCambridge and Edmond O'Brien.