The film, which will be produced by Randall Emmett and Rob Cowan along with Millenium, is set to start shooting in September in Bridgeport, Connecticut and New York City. Overture's executive vice president, productions and acquisitions Sean Furst will oversee production on behalf of his company.
Jon Avnet (Fried Green Tomatoes) will direct and produce the story of two detectives on the hunt for a serial killer whose victims are criminals who have slipped through the cracks of the justice system. The script is by Russell Gewirtz (Inside Man).
Nu Image/Millenium is handling international sales on the film.
De Niro and Pacino previously both appeared in The Godfather Part II and Heat, but were only onscreen together in Heat. Pacino recently starred in 88 Minutes, another Millenium production directed by Jon Avnet.
In a statement, Overture chief executive officer Chris McGurk and chief operating office Danny Rosett McGurk and Rosett said: 'The chemistry between these two stars is electrifying, especially when you combine it with Russell Gerwitz's powerful script and a gifted director like Jon Avnet. Everyone at Overture is excited about putting the full strength of our organization behind this extraordinary movie.'
Righteous Kill is the fifth film announced by Overture, the production and distribution company formed last autumn by Liberty Media Corporation's Starz subsidiary. The company plans to release 8-12 films a year. It most recently green-lit unconventional romance, Last Chance Harvey, starring Dustin Hoffman and Emma Thompson, which begins shooting in London in October.