Focus Features is understood to be circling a worldwide deal on James Gray’s Cannes virtual market package Armageddon Time.
The studio would distribute in the US and Universal Pictures International would handle territories outside the US.
Cate Blanchett, Robert De Niro, Oscar Isaac, Donald Sutherland and Anne Hathaway are set to star in the coming-of-age story based on Gray’s (Ad Astra, The Yards) life growing up in the 1980s as Ronald Reagan is poised to become president of the United States.
Gray wrote the screenplay and reunites with producer RT Features after their collaboration on Ad Astra.
Rodrigo Teixeira will produce and RT Features’ Lourenço Sant’Anna and Rodrigo Gutierrez are executive producers.
Wild Bunch International represents international rights and CAA Media Finance arranged financing and represents US rights. Wild Bunch International and CAA co-represent Chinese rights.
Focus Features was unavailable at time of writing.