Production is scheduled to begin in October in New York on the comedy starring Turturro, Woody Allen, Sharon Stone, Sofia Vergara, Vanessa Paradis and Liev Schreiber.

Antidote Films’ Jeffrey Levy-Hinte and Cinetic Media’s Bart Walker will produce alongside QED’s Bill Block, Paul Hanson, Sasha Shapiro and Anton Lessine.

Fading Gigolo centres on a bookstore owner played by Allen who convinces his friend, played by Turturro, that he could make a fortune by becoming a professional gigolo.

Block and Chris Corabi negotiated the deal on behalf of QED with Walker and George Sheanshang on behalf of John Turturro, and Stephen Tenenbaum. Block and his team hold worldwide rights and will commence international pre-sales immediately.