The partners are looking to start production next year.
Cinema Libre announced in 2010 that it had acquired rights to “Confessions of an Economic Hit Man,” which recounts Perkins’ work on behalf of the U.S. government and corporations to persuade underdeveloped countries to accept massive development loans that could not be repaid. Cinema Libre chairman Phillipe Diaz was tapped to produce at that point.
“Couldn’t be more excited about getting this kick-ass book onto the screen and totally applaud Philippe’s tenacity and passion for this material,” said Rhino Films topper Stephen Nemeth in a statement.
Nemeth recently produced “The Sessions,” starring John Hawkes, Helen Hunt and William H. Macy, with Fox Searchlight planning an Oct. 26 release, and it’s in post-production on “Snake and Mongoose.”
Cinema Libre announced during Cannes a co-production with the Algerian Ministry of Culture for a biopic starring Maximilian Schell about Karl Marx’s last days in Algeria. The Los Angeles-based production and distribution company specializes in socio-political films such as “Fuel,” “Uncovered: The War on Iraq,” “The End of Poverty?,” Oliver Stone’s documentary “South of the Border” and Rachid Bouchareb’s “London River.”
Nemeth and Betsy Stahl will handle production responsibilities on “Confessions” on behalf of Rhino, with Diaz and Beth Portello overseeing on behalf of Cinema Libre.
“Confessions,” first published in 2004, has sold more than a million copies in 30 languages.