Elle Fanning, Diego Luna to star in Io

Sundance Film Festival and Berlinale alumnus Clay Jeter will direct Io, which was developed at the Sundance Institute’s Writers Lab. Jeter co-wrote the screenplay with Will Basanta and Charles Spano.

Io was selected for the first Sundance Catalyst Forum (Creative Investor Lab) in 2013 and has the support of the San Francisco Film Society.

The film centres on a young survivor of a cataclysm who races to find a cure for poisoned Earth before the last shuttle departs for a distant new home.

The producers are in talks with Robert Halmi’s financier Great Point Media and have targeted the start of principal photography for later this year.

• Elijah Wood will star opposite Nicolas Cage in Benjamin and Alex Brewer’s The Trust.The film follows two crooked police officers who discover a hidden safe. Benjamin Brewer and Adam Hirsch co-wrote the script with Braxton Pope and Molly Hassell producing. Production is currently underway in Las Vegas. Saban Films holds North American rights and Highland Film Group represents international sales and closed a slew of sales in Cannes last summer.