EXCLUSIVE: We hear that Paul Thomas Anderson’s new 1970s San Fernando Valley movie is jumping from Focus Features to MGM
. Neither studio would confirm, but we know it’s a deal that’s going down, according to sources. The production is leaving the Universal specialty label that made his Best Picture Oscar-nominated period featureThe Valley movie did not go into production prior to the shutdown of feature productions during the COVID-19 pandemic. It’s unclear at this time whether Anderson was on a timeline and therefore needed to get this movie done and filming, or if the production was too costly for Focus.
Reportedly Anderson’s new movie will center around a high school student who is also a successful child actor, but have intersecting storylines. It’s the fourth time that Anderson has set a film in the San Fernando Valley, the last titles beingThe filmmaker’s Ghoulardi Film Company have already received a $2.5M California film tax credit. Anderson directed, wrote and is producing the movie.
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