Leonardo DiCaprio, Sean Penn join Paul Thomas Anderson's film

Oscar winner Leonardo DiCaprio and Sean Penn (Paul Thomas Anderson’s Licorice Pizza , out in 2021) are joining the new, untitled film. Actress Regina Hall is also playing a role in the new film (which is being financed by Warner Bros.). Production on Anderson’s new film is reportedly underway in California, with a modern-day setting.

Leonardo DiCaprio stars in Killers of the Flower Moon

Insiders say the budget is approaching $100 million — a significant sum for an Anderson film. He is now one of the master filmmakers and a regular Oscar nominee for classics such as Phantom Thread and Boogie Nights . However, Anderson's films are not commercial blockbusters. Licorice Pizza, for example, lost tens of millions of dollars after failing to recoup its $40 million budget.

Michael De Luca and Pam Abdy, who have run Warner Bros. since 2022, greenlit Licorice Pizza when they ran MGM. De Luca and Anderson got the chance to work together in 1997. Marner Bros. CEO De Luca was supportive of Boogie Nights— he was president of New Line, Dreamworks, and Anderson was an up-and-coming director.

Regina Hall, Leonardo DiCaprio and Sean Penn join Paul Thomas Anderson's new film

All eyes are on Leonardo DiCaprio, who recently starred in Killers of the Flower Moon , to help boost the mass appeal of Anderson's new film. He continues to be one of Hollywood's most bankable leading men. DiCaprio has starred in hits like Titanic , The Revenant , The Wolf of Wall Street …

Leonardo DiCaprio was once chosen to play the main role in Boogie Nights but he suddenly withdrew to participate in the movie Titanic , giving Mark Wahlberg a big opportunity to play the main role in Boogie Nights .

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