NEW YORK — Cinetel Films, flush with a new seven-figure credit line from the Lewis Horwitz Organization, has optioned the 1988 Jay McInerney novel, “Story of My Life.”
Pic will mark the directorial debut of Simon Davis Barry, whose screenwriting credits include “51st State” and “Morton Orwell.”
Barry will also adapt the novel, updating the story to suit the current zeitgeist. Novel follows an aspiring actress through her amorous dalliances, credit card and cocaine binges in 1980s Manhattan. The film will reflect today’s economic climate, with its dot-com billionaires and Prada boutiques.
Producing the pic are Cinetel head Paul Hertzber and production prexy Lisa Hansen. Cylo’s Catalaine Knell, who brought the project to Cinetel, will exec produce.
“Thanks in part to our recent line of credit with LHO, Cinetel is able to develop more theatrical projects like “Story of My Life,” said Hertzberg. The LHO credit facility allows Cinetel to produce pictures with costs in the low eight figures.
Cinetel just sold “A Rumor of Angels,” which had its Canadian premiere at the Toronto Film Fest, to Brad Krevoy’s MPCA for release through MGM. Hertzberg said that Cinetel expects to acquire more novels and expand its theatrical slate in months to come.
McInerney was repped by ICM’s Susan Kaufman and Doug Maclaren. Barry was repped by Gersh’s Abraham Nalibotsky.