Madsen to co-star in family comedy

Matthew Broderick, Virginia Madsen and Alan Alda have signed on to star in “Diminished Capacity,” a comedy about family and memory loss produced by Gotham-based Plum Pictures.

Terry Kinney, who starred in and also directed several episodes of “Oz,” is directing the pic. Sherwood Kiraly is penning the screenplay based on his novel of the same name.

Broderick will play the lead role, a man who suffers memory loss after getting hit on the head. He then takes a trip with his Alzheimer’s-addled uncle (Alda) and his high school sweetheart (Madsen) to a memorabilia show as the group concocts a scheme to sell a rare baseball card.

Steppenwolf Films, the nascent film-production arm of Chicago’s Steppenwolf Theater Company, is also associated with the project, along with Benedek Films and Hart-Lunsford Pictures.

Celine Rattray, Galt Niederhoffer and Daniela Taplin Lundberg are producing via Plum, while Tim Evans will produce via Steppenwolf.

Plum’s Pam Hirsch, as well as Ed Hart and Bruce Lunsford of Hart-Lunsford, will exec produce. Joy Goodwin will co-produce.

Movie will begin shooting this spring in New York and Chicago.

Bobby Cannavale and Lois Smith are also attached to star.

“Capacity” marks the latest project for Plum, which is producing an English-language remake of Michael Haneke’s “Cache” with Imagine and Universal (Daily Variety, Feb. 19) and also sold the John Cusack starrer “Grace Is Gone” to the Weinstein Co. at Sundance.

Broderick recently wrapped shooting on Helen Hunt directorial debut “Then She Found Me” and is voicing a character in DreamWorks Animation’s “Bee Movie.”

Kinney, known for character roles in movies such as “The Firm” and “Save the Last Dance,” has also directed a number of stage productions; like Evans, he is a founder of Steppenwolf Films.

Follow @Variety on Twitter for breaking news, reviews and more