Capaldi will direct from his original screenplay.
Kate Hudson is in negotiations to star opposite McGregor.
Alexandra Stone and Dan Lupovitz will produce and Ron Fogelman and William Parente will exec produce. Elaine Collins will co-produce.
“Born to be KIng” centers on an extra (McGregor) who has an uncanny resemblance to a movie actor, and a Hollywood starlet (Hudson) who’s at war with her co-star.
Film will shoot in January at Pinewood Studios in the U.K.
Indomina Releasing will handle worldwide sales rights to the film and will begin shopping to buyers at the American Film Market.