"The Orchard will not be moving forward with the release of I Love You, Daddy", the studio said in an emailed statement.
"These stories are true", Louis C.K. wrote.
Comedian Tig Notaro told The New York Times that she felt "trapped" by her association with comedian Louis C.K., after learning of allegations of sexual misconduct against him.
The cancellation follows accusations of sexual misconduct from five women against the comedian in a New York Times report. The current climate surrounding C.K. makes it impossible for The Orchard to release and it's too soon to determine whether this movie goes straight to the home market, or gets unloaded by the distributor.
HBO announced on Thursday that Louis C.K. will not be appearing in the upcoming "Night of Too Many Stars: America Unites for Autism Programs".More news: Roy Moore calls allegations against him 'completely false'
The release of the movie, starring, written and directed by Louis C.K., has been put on hold.
His relationship with FX, which airs his show Louie, is "under review".
CK is yet to respond to the claims directly, with his publicist Lewis Kay declining to comment on the allegations, telling the NY Times: "Louis is not going to answer any questions". "He will no longer serve as executive producer or receive compensation on any of the four shows we were producing with him - "Better Things, ' 'Baskets, ' 'One Mississippi" and 'The Cops'". "That said, the matter is now under review".
Charlie Day, meanwhile, said: "I was as appalled as everyone to read the allegations made in the New York Times".
Netflix said earlier that what it called C.K's "unprofessional and inappropriate behavior with female colleagues" had led the streaming service to decide not to produce a planned second stand-up special with him.