Gisondo will play an ambitious frat boy who gets in over his head within the cocaine trade.
Gerard Johnson is set to direct with Nicholas Pileggi and Daniela Cretu producing. Olivier Martinez, John Leguizamo and Jordi Molla also star.
“Godmother” is in pre-production in Puerto Rico.
Gisondo starred in New Line’s “Vacation” as the older son of Ed Helms’ character and in “Night at the Museum: Secret of the Tomb” as the son of Ben Stiller’s character.
Sierra/Affinity is selling “The Godmother” at the American Film Market. The project was unveiled a year ago at AFM. Sierra/Affinity holds the life rights to Blanco, who was murdered in a drive-by shooting in Medellin, Colombia in 2012.
Blanco instigated and fueled many of the Miami drug wars that took place during the late ’70s and ’80s and grossed millions of dollars a month. She was arrested and convicted in 1985 in California and served 18 years in prison before she was released in 2004 and deported back to Colombia.
Gisondo is repped by Paradigm, Zero Gravity Management and attorney James Jackoway.