Focus Features Lands Paul Thomas Anderson's Next Film

Daniel Day Lewis Ireland - P 2011
Peter Macdiarmid/Getty Images

Daniel Day Lewis Ireland - P 2011

The deal gives Focus worldwide rights to the Daniel Day-Lewis drama set in the 1950s fashion world of London.

Focus Features has landed worldwide rights to Paul Thomas Anderson's next film, which will reteam him with his There Will Be Blood star, Daniel Day-Lewis, The Hollywood Reporter has confirmed.

Anderson wrote the screenplay for the untitled film that is set in the 1950s fashion world of London. Production is expected to begin in early 2017.

Under the deal, Focus will finance the movie's $35 million budget, with Megan Ellison's Annapurna Pictures producing. Though the deal is unrelated to the Toronto International Film Festival market, which gets under way tonight, it bodes well for spending on at least packaged films. (The finished-film market is still expected to be cooler than recent years.)

Under new chairman Peter Kujawski, Focus has been returning to its roots with awards-friendly movies. It acquired the Jeff Nichols-directed drama Loving in Berlin in February. (That film screens in Toronto this week.)

"Paul Thomas Anderson is a singular storyteller who has the ability to mesmerize audiences by creating complex and fascinating characters," Kujawski said Thursday in a statement. "It is our privilege to bring Daniel Day-Lewis' re-teaming with Paul to movie lovers who have long hoped for their reunion."

Added Ellison: "Amongst their contemporaries, Paul and Daniel truly represent the highest tier of artistry in film. We are thrilled to partner with Peter and his entire team at Focus and collaborate once again with Paul on this ever original, visionary story. We cannot wait to see this lush world come to life with Daniel at the center."

Universal will handle international territories for the pic, which is being produced by Anderson, JoAnne Sellar and Ellison.

Day-Lewis won a best actor Oscar for Anderson's There Will Be Blood.

CAA, which packaged and arranged financing for the film, negotiated the deal.