Daniel Day-Lewis with DiCaprio in Gangs of New York
Daniel Day-Lewis and director Paul Thomas Anderson are planning to team up to create There Will be Blood, a period drama loosely based on the 1927 novel Oil! from author Upton SinClair. Paramount Classics and Miramax will handle distribution of the film.
There Will be Blood for Scott Rudin
According to Variety, Scott Rudin will exec produce There Will be Blood. Since Rudin is currently transferring from Paramount to Disney this film and many other future projects with the producer will feature a co-partnership between Paramount and Miramax. Each picture house will handle one arena of distribution rights; Miramax will handle domestic distribution of There Will be Blood and Paramount will handle international distribution.
Director Paul Anderson wrote the script based off of Sinclair's book Oil!. The novel exposed of the seamy side of the drilling business in Southern California when it became the equivalent of the gold rush.
Since attacking the fast food market has been such a hit in films lately I am surprised that SinClair's The Jungle hasn't received more consideration.
Day-Lewis will play a prospector who buys the oil rights to a family's ranch, and then hits a major pocket of crude. The story then turns into a tale of greed and faith, as the prospector realizes the American dream and is destroyed by it.
There Will be Blood will have a budget just north of $20 million.