Almodovar teams to bring 'Purple' to screen

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CANNES -- U.K. and U.S. financiers Future Films, Pedro Almodovar's production banner El Deseo and Arcadia Capital have united to bring an adaptation of "The Ice Storm" author Rick Moody's best-selling novel "Purple America" to the big screen.

The adaptation will be directed by award-winning Spanish commercials director Jorge Torregrossa and details the story of a freelance publicist who is summoned home to care for his mother who suffers from a neurological disease and demands an assisted suicide.

Future Films and Arcadia Capital are putting together the finance structure for the film, with Future's in-house producer Kwesi Dickson ("Goodbye Bafana") steering the project alongside Almodovar collaborator and producer Esther Garcia, whose credits include 2006 Palme d'Or nominee "Volver."

Film Bridge International, headed by Ellen Wander, is handling worldwide sales on the project. A writer is being lined up for the adaptation, which is still in the early stages.

The deal sees Future Films join forces with the Spanish co-producers that most recently backed Menno Meyjes' "Manolete," starring Penelope Cruz and Adrien Brody, and Antonio Banderas' "El Camino de los Ingleses."

Equity finance provider Arcadia Capital is new on the block. It's run by Angel Durandez and Ibon Cormenzana.

Arcadia provides equity finance in Spain to European Convention and/or Spanish qualifying films, usually in an amount equal to 20%-40% of the budget.

No financial details were revealed on "America."
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