By Dana Harris | Indiewire May 12, 2011 at 1:43AM
Michael Winterbottom's next movie will star Jack Black.
The movie has a working title of "Bailout" and it's adapted by Jess Walter from his own novel, "The Financial Lives of the Poets."
The novel was a finalist for the National Book Award. Here's a synopsis, per Publishers Weekly:
Matt Prior quits his job as a business reporter to start Poetfolio.com, a Web site featuring poetry about finance, or money-lit. Unsurprisingly, it tanks, and Matt returns to the newspaper, only to be laid off with a meager severance package. Now not only are the Priors in danger of losing their house, but Matt is convinced that his wife, Lisa, is having an affair with an old boyfriend she rediscovered during her lengthy nightly Facebook sessions. With two sons in overpriced Catholic school and his increasingly senile father to support, Matt's bank accounts dwindle amid his financial planner's dire predictions (diagnosis: fiscal Ebola). When an appealing but illegal moneymaking opportunity presents itself, Matt jumps at the chance. The decision to include snippets of Matt's poetry in the novel was a risky one, but Walter pulls it off, never resorting to pretension or overused metaphors for life's meltdowns.
Ealing Metro International and Prescience will finance and handle worldwide sales. The companies last backed "The King's Speech."
Michael Besman will produce with Melissa Parmenter, Black, Ben Cooley and Priyanka Mattoo for Ealing Metro. Now in preproduction, the producers plan to start shooting in August.
Other titles for sale at Ealing Metro at Cannes this year are "Trap for Cinderella" directed by Iain Softley, a Nina Simone biopic starring Mary J Blige and "Better Living Through Chemistry" starring Jennifer Garner and Michelle Monaghan.