EXCLUSIVE: It took two decades, but it’s finally getting off the ground thanks to billionaires Ron Burkle and Steve Bing, Windsor Media’s Terry Semel, Arnon Milchan’s New Regency and James Packer’s and Brett Ratner’s RatPac Entertainment. The heavies have come together to finance Warren Beatty’s long-gestating Howard Hughes-based project. The roughly $26.7M production, which Beatty will direct and star in as Hughes, will revolve around Hughes’ assistant (Alden Ehrenreich, Beautiful Creatures) and his love interest (Lily Collins, Mirror, Mirror). New Regency, Beatty and Ratner are producing, with Packer executive producing. Regency will handle foreign through Fox. They’ve already shot a small amount of film on the picture, but it starts rolling in earnest today. Beatty’s wife Annette Bening and Matthew Broderick and other surprises are expected (a la Jack Nicholson, maybe? One can only hope). The focus of the film is the love story of the two younger characters.
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