Art and Experience: Focus Features has nabbed worldwide rights to a new drama reuniting the “There Will Be Blood” team of Paul Thomas Anderson and Daniel Day-Lewis, Variety has confirmed.

The indie label will finance the $35 million production and is looking to release the picture in 2017. It’s a coup for the newly reconstituted division, which underwent a major overhaul earlier this spring that brought in new management and returned the brand to a familiar mandate — making character-driven fare and prestige productions. The studio will be busy at this year’s Toronto Film Festival, screening the Civil Rights drama “Loving,” the fantasy drama “A Monster Calls,” and Tom Ford’s pulpy “Nocturnal Animals.”
It marks Day-Lewis’ first film role since winning the Oscar for 2012’s  “Lincoln.” Anderson has been directing music videos. His last feature was the Gonzo mystery “Inherent Vice.” Megan Ellison’s Annapurna Pictures is producing the untitled project. Annapurna backed Anderson’s “The Master” and “Inherent Vice.”In June, Variety broke the news that Day-Lewis and Anderson were looking to join forces once again, a pairing that should leave cinephiles in raptures given that their previous collaboration, the wildcatter drama “There Will Be Blood,” has become a fixture on best of the aughts lists. With the new film, the duo will clean up and leave the world of oil behind, to dig into the 1950s fashion scene.

CAA brokered the deal. Deadline broke the news that Focus Features had secured rights to the project.

Source: Variety