Once due to be the follow-up to Django Unchained, Quentin Tarantino cancelled the film in January after the script spread around Hollywood and film websites.
At the time, the director said he was “very, very depressed” by the leak.
However, Quentin Tarantino, 51, was in better spirits for the one-off live reading and hinted his movie may yet see the light of day.
“I’m working on a second draft and I will do a third draft but we’re reading from the first draft,” he told the audience at Los Angeles’ Theatre at the Ace Hotel.
He also suggested the script would be changed substantially in future drafts – in particular the final act, which he described as the “fifth chapter”.
“The chapter five here will not be the chapter five later so this will be the only time it is seen, ever,” he said.
Set in post-civil war Wyoming, the Western drama takes place after a blizzard diverts a stagecoach from its route, stranding a mismatched group of outlaws in a “haberdashery”.
Among their number are a competing pair of bounty hunters, a renegade Confederate soldier and a female prisoner.
Four of the five “chapters” take place almost entirely within one room, said the Hollywood Reporter, which described the plot as an Agatha Christie-style whodunnit, albeit with added violence.
Several of Quentin Tarantino’s old cast-members took part in the reading, with Tim Roth (Reservoir Dogs, Pulp Fiction), Kurt Russell (Death Proof) and Amber Tamblyn (Django Unchained) all on stage.
“We’ve been rehearsing this for the last 3 days and we’re not bad,” said Quentin Tarantino.
Samuel L. Jackson and Kurt Russell played the dueling bounty hunters, while Michael Madsen played cowboy John Gage and Quentin Tarantino narrated.
“Guys, you are starting to drift away from the dialogue on the page,” he told the ensemble at one point.
“No more co-writing!”
About 1,200 people attended the show, with tickets priced between $150 and $200.
Among the audience were film mogul Harvey Weinstein, who has distributed several of Quentin Tarantino’s movies, and X-Men writer David Hayder.
Mobile phones were banned, and there was no live stream of the event.
Meanwhile, Quentin Tarantino is suing gossip website Gawker for contributory copyright infringement after it posted a link to the leaked screenplay.
The trial is due to start on January 27, 2015.
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