Paramount Nabs George Clooney's 'Suburbicon'

George Clooney Berlin H 2016
Pascal Le Segretain/Getty Images

George Clooney Berlin H 2016

The studio confirmed today at the Berlin Film Festival that it has acquired U.S. rights to the dramedy, which will star Matt Damon and Julianne Moore.

Paramount Pictures has closed a deal for U.S. rights to George Clooney's Suburbicon, the studio announced Saturday at the Berlin International Film Festival.

Clooney will direct the film, written by Joel Coen and Ethan Coen, and set to star Matt Damon, Julianne Moore, Josh Brolin and Oscar Isaac. The dramedy is set in the quiet town of Suburbicon, where a home invasion causes a picture-perfect family to turn to blackmail, revenge and betrayal.

Clooney, who was in Berlin for the screening of the opening-night pic Hail, Caesar!, in which he stars, presented Suburbicon to buyers at the European Film Market on Thursday and it quickly stood out as one of the market's hot titles, with Paramount moving in to take the U.S. rights for about $10 million, according to sources.

The film, which is to begin shooting this October in Los Angeles, is being produced by Joel Silver on behalf of Silver Pictures, Clooney and Grant Heslov on behalf of Smokehouse Pictures, and Teddy Schwarzman on behalf of Black Bear Pictures, who will finance the project.

In announcing the acquisition, Brad Grey, Paramount Pictures chairman and CEO, said in a statement: “George has assembled a stellar project, starting with Joel and Ethan’s great script, a wildly talented cast lead by Matt and Julianne, and an extraordinary producing team with George, Grant, Joel and Teddy. We are both proud and excited to be releasing Suburbicon in the U.S. and look forward to this picture with great anticipation.”

CAA handled the U.S. sale, with Bloom handling international sales. Paramount's Eben Davidson and attorney David Miercort represented the studio in the deal.