Jewel thief tale written by Regen

Producers Barry Josephson and Barry Sonnenfeld have set up the heist pic “Twisted” at Miracle Entertainment, with George Armitage (“Grosse Pointe Blank”) attached to direct and with an eye toward a pre-strike start date.

Written by Richard Regen, “Twisted” is the story of a double-crossing triangle of young thieves who target the royal jewels of Iran. When their leader is betrayed by his partners and sent to jail, he breaks out and seeks revenge. Pic is budgeted in the neighborhood of $30 million-$35 million.

The Barrys took the project with them after their production deal at Disney expired earlier this year. The producers acquired the script out of their discretionary fund in 1998.

Pic is the first that Josephson and Sonnenfeld have set up since their Disney deal ended, as well as the first pic that Armitage has directed since 1997′s “Grosse Pointe.” That film followed a seven-year break from helming after 1990′s “Miami Blues,” starring Jennifer Jason Leigh and Alec Baldwin.

“We’re honored to be associated with this project,” said Miracle Entertainment CEO Tony Cataldo.

Miracle Entertainment will finance the project, which will be overseen by Miracle Films co-prexys Neil Sacker and Gregg Hoffman. Julia Savay-Ross will oversee the sale of foreign rights.

Miracle is also producing “The Italian,” which is preparing to go into pre-production under the direction of Stephen Gyllenhaal (“Losing Isaiah”).

Miracle Entertainment co-founder Richard Abramson ankled the company last week (Daily Variety, Nov. 13).

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