TIFF: James Franco's 'Zeroville' Nabbed by Alchemy for North America

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James Franco

Franco is starring in and directing the adaptation of the Steve Erickson novel, now in postproduction.

Alchemy has acquired North American rights to James Franco's Zeroville, an adaptation of the acclaimed Steve Erickson novel, with Megan Fox co-starring.

Alchemy is planning to release the film, which is now in postproduction, in 2016. Set against the backdrop of late 1960s Hollywood, the dramedy is directed by Franco from a screenplay by Paul Felten and Ian Olds.

Franco and Fox star alongside Seth Rogen, Craig Robinson, Danny McBride, Jacki Weaver and Joey King.

"James has proven there is no subject matter that he and his collaborators can’t brilliantly satirize, and we can’t wait to share their comedic take on Hollywood with moviegoers across North America," Brooke Ford, Alchemy's executive vp marketing, said Saturday in a statement.

Alchemy vp acquisitions Jeff Deutchman negotiated the deal with Patriot CEO Michael Mendelsohn. Tim Haslam’s Embankment is shopping the film internationally.