The UK comedy is being sold by Odyssey internationally, with Cinetic handling US rights.
Director Andy Cadiff is shooting for six weeks in London and on The Isle Of Man. David Parfitt (Shakespeare In Love) is producing.
Reynolds plays a has-been Hollywood star who finds himself involved with an amateur dramatics group in rural England.
Trademark is producing with financing by CinemaNX in association with Limelight and Lipsync Productions.