The Rust Belt crime drama will co-star Zoe Saldana and Sam Shepard
In the film, Affleck is lured into a dangerous crime ring after his brother (Bale) is sent to prison. The film is set in an economically depressed section of the northeastern United States and will be directed by Scott Cooper ("Crazy Heart").
Cooper also wrote the screenplay.
For Affleck, it is an opportunity to turn the page on the critically lambasted faux-documentary "I'm Still Here," and remind audiences of the prodigious talent he demonstrated in "The Assassination of Jesse James by the Coward Robert Ford."
Production is set to begin in Braddock, Pa., later this month.
Relativity Media will release the film theatrically in the U.S. Red Granite, the Los Angeles-based film production, finance and international sales company has acquired foreign rights outside of the U.S. and will handle international sales.
The film will be produced by Leonardo DiCaprio and Jennifer Killoran's Appian Way, along with Scott Free’s Ridley Scott, Tony Scott, and Michael Costigan. Relativity CEO Ryan Kavanaugh is also a producer.