Arquette, Stamp ink for ‘Screenland’

Krishnama to helm while Gold Circle and TF1 handle sales

Terence Stamp and David Arquette are attached to star in the $7 million “Screenland,” based on the murder of Laurence Austin, owner of L.A.’s Silent Movie Theater. Bill Pullman and Ruth Fainberg of Big Town Prods. will produce.

Stamp is tipped to play Austin, with Arquette in the role of James Van Sickle, the man convicted of Austin’s murder.

Pic, helmed by Suri Krishnama, should begin shooting in L.A. this summer.

Co-producers Gold Circle will handle North American sales and France’s TF1 Intl. will handle the rest of the world.

Pullman and Julia Stiles will play supporting roles as the theater’s original owner and the counter girl, respectively.

Austin was gunned down late at night in his famed L.A. theater in January 1997. He was 74.

The “Screenland” project came to Pullman via the screenwriters, Christopher Markus and Stephen McFeely, who attended the Austin murder trial from beginning to end.

“It is a fantastic script which we didn’t have to touch,” said Gold Circle head of production Larry Katz.