"Cosby is no longer attached to the project," the film's producer, Nonie Robinson said, according to Deadline.
"We were the last project standing behind him, but now with Whoopi [Goldberg] and CAA pulling the plug, we must also disassociate and cut all ties with Cosby," Robinson added. "It's the right thing to do in light of the recent court deposition being made public."
Cosby's lawyer, Marty Singer, has denied the assault allegations that have been leveled against the comedian after multiple accusers spoke out, stating in November that the women were "coming out of nowhere."
The Marques Miles-directed Painted Down – which also features Whoopi Goldberg and Louis Gossett Jr. – tells the story of how white stunt performers had black makeup applied to them so that they could double for black actors.
According to Deadline, Cosby explained in the documentary that while working on the '60s TV series I Spy, he watched as black makeup was applied to a white stuntman so that he could double for Cosby. The 78-year-old opposed and the following day a black stuntman was hired.
On Saturday, previously unreleased court documents – obtained by The New York Times – revealed that Cosby admitted to multiple extramarital affairs with women and to sometimes giving them drugs, during his career.