The film was written and directed by veteran screenwriter Dan Gilroy (“The Bourne Legacy”) in his directorial debut.
According to The Hollywood Reporter, The Weinstein Co., Focus Features, A24 Films and Fox Searchlight were also interested in the film.
The film tells the story of a driven young man (Gyllenhaal) who finds a home in the nocturnal world of freelance crime journalism in Los Angeles. Along with Gyllenhaal and Russo, Bill Paxton and Riz Ahmed also star in the film.
Producers are Jennifer Fox, Tony Gilroy, Jake Gyllenhaal, Bold Films’ ChairmanMichel Litvak and David Lancaster. The film was financed by Bold Films, with Walters and Betsy Danbury serving as executive producers.
“We are thrilled to re-team with Jake Gyllenhaal, with whom we shared great success on ‘End of Watch,'”said Tom Ortenberg, CEO of Open Road Films. “Dan and Tony Gilroy are incredibly talented and have made a fantastic film and we couldn’t be happier about adding ‘Nightcrawlers’ to our slate.”
Sierra/Affinity is handling international sales on the project at the Cannes Film Festival.