Russell is also writing the film’s screenplay with Eric Warren Singer, based on Singer’s original script. The upcoming film marks the director’s first time working with Renner, and his second collaboration with Bale, Adams and Cooper.
Jon Gordon, who most recently produced "Silver Linings Playbook," will also serve as an executive producer on the project alongside Bradley Cooper and Eric Warren Singer.
Annapurna Pictures is fully financing the film, tentatively set for release in late 2013. Columbia Pictures will handle U.S. distribution.
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“David has put together an incredible ensemble of actors for what is going to be a powerful and emotional drama about one of the most memorable cast of characters in recent history,” said Roven.
“The Untitled David O. Russell Project” is based on the true story of a financial con artist (Bale) and his mistress/partner in crime (Adams), who were forced to work with an out-of-control federal agent (Cooper) to turn the tables on other con artists, mobsters, and politicians. At the epicenter of the tale is the volatile leader of the New Jersey state assembly (Renner) who is also the local hero and mayor of impoverished Camden.
Panorama Media has sold the film internationally, which includes a multi-territorial deal with Sony Pictures Worldwide Acquisitions. Production will begin mid-February on the East Coast.