Paramount Takes Jeremy Renner's 'Slingshot' Pitch

FILM: Jeremy Renner
John Shearer/Getty Images

Renner might be the hottest star in Hollywood. The two-time Oscar nominee has "Mission Impossible: Ghost Protocol" in the can. Combine, Renner's production company with partner Don Handfield, is hitting the ground running with a Steve McQueen biopic starring Renner.

The actor's production shingle will guide pic centering on do-it-yourself car racer Bill Caswell.

Paramount has picked up Slingshot, a pitch centering around the true-life story of racer Bill Caswell, with Jeremy Renner attached to star and produce.

Renner will produce with Don Handfield, his partner at their shingle the Combine, with Handfield on board to write the screenplay.

A great underdog story, Caswell became known as a do-it-yourself racer when he bought a 991 BMW 318i that he found on Craigslist for $500. The unemployed man, a racing fanatic with time on his hands, refurbished the rust bucket and began entering racing rallies.

EXCLUSIVE: Jeremy Renner Forms Production Company, Developing Steve McQueen Biopic

His first race was inauspicious: he crashed the car in the first five minutes and blew the engine. Eventually, however, Caswell ended up on the winning track, coming in third place at the World Rally Championships in Mexico and beating teams with cars worth $400,000.

Renner and his Combine team seem to be focusing on the true-life testosterone-skewing fare. As first reported by THR, Combine's first project in development is McQueen, a biopic of the man’s man actor. Ivan Zacharias is attached to direct with James Gray writing the script.

Renner is repped by CAA and Untitled. Handfield is repped by UTA.