MGM Buys Ridley Scott's 'Gucci' Film With Lady Gaga Set to Star (Exclusive)

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MGM Buys Ridley Scott's 'Gucci' Film With Lady Gaga Set to Star (Exclusive)
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MGM is acquiring Ridley Scott’s 'Gucci' — a true crime drama about the murder of fashion trailblazer Maurizio Gucci — and is in negotiations for LadyGaga to star

Film chairman Michael De Luca, who was installed in January, is taking this time to attempt to reshape the company not just as a library of IP — think the James Bond andfranchises — but one that has a future with original material. In March and early April alone, he has hired executives and closed several splashy deals as some rivals appear to be in pause mode. — a true crime drama about the murder of fashion trailblazer Maurizio Gucci — and is in negotiations for Lady Gaga to star.

Gaga would star as Patrizia Reggiani, Gucci’s ex-wife who was convicted of orchestrating his hit after he had an affair. The script by Roberto Bentivegna is based on, written by Sara Gay Forden and published by William Morrow in 2001. The book used the murder to delve into the complex yet dishy family history, filled with infighting, corporate intrigue and gobs of money.

"This project has long been a labor of love for both Ridley and me," says Giannina Scott, who will produce with husband Ridley via the couple's Scott Free banner. "The story is so epic, the stakes so high and the characters so richly drawn that we were determined to get it to the big screen. To say we are thrilled to be teaming with Mike De Luca and his brilliant film group at MGM is an understatement. We can’t wait to see this come to life next year.

MGM, like other studios, has been reckoning with the theater chains’ shutdown and was forced to move its $250 million James Bond outingPushing back the tentpole likely resulted in a $30 million to $50 million loss for the studio. But sources say that MGM is not planning layoffs or furloughs despite the revenue hit it is expected to take from the Bond sequel’s delay. One insider observes of MGM’s moves amid Hollywood’s shutdown, “This time is an opportunity as much as it’s a liability.

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