Hammer will produce for parent company Exclusive Media Group, the global company that combines Hammer and Los Angeles-based Spitfire Pictures and is backed by strategic investment Group Cyrte Investments. Exclusive Film Distribution is handling worldwide sales.
Morgan will play a seemingly charming landlord who obsesses over a new tenant, played by Swank. Antti J Jokinen is directing from a script he co-wrote with Robert Orr that was rewritten by Erin Cressida Wilson.
Exclusive Media Groups co-CEOs Simon Oakes and Nigel Sinclair are producing with Guy East while Swank serves as executive producer alongside Hammer's Tobin Armbrust and Alex Brunner and Tom Lassally of 3 Arts Entertainment.
Morgan will next be seen in Watchmen, set to open through Warner Bros on March 6. He also stars opposite Kirsten Dunst and Ryan Gosling in The Weinstein Company's upcoming romantic mystery All Good Things and The Weinstein Company's period mystery Shanghai, and recently wrapped production on Ang Lee's Taking Woodstock for Focus Features.
Morgan is represented by Theresa Peters of UTA, manager Rob Gomez of Precision Entertainment and attorney Stuart Rosenthal of Bloom Hergott Diemer Rosenthal LaViolette & Feldman.
Hammer's slate includes The Quiet Ones to be directed by Jesse Dylan and the English-language remake of Tomas Alfredson's Swedish vampire tale Let The Right One In.