‘Gold’ in East L.A.

Arau to helm fable for Cinema Seven

Indie shingle Cinema Seven Prods. has signed Alfonso Arau to direct “Gold on Eagle Street,” an English-lingo contempo fable set in East Los Angeles.

Pic will mark the reteaming of Arau and Alejandro Fernandez, the lead from his last pic, “Zapata.” Arau’s casting of Fernandez to play the Mexican revolutionary caused a stir at the time. A renowned crooner, Fernandez had almost no acting experience.

The $10 million pic, the most expensive in Mexican history, underperformed at the Mexican box office despite massive p&a support.

“Gold” will lens in August in New Mexico and Los Angeles.

Bristol Media Intl., headed by Tony Manne, is repping foreign rights on the film.

Pic’s plot follows a man working as a dump truck driver whose hobby is creating wrought iron art. When he finds a cache of unusual coins, he trades them in for scrap metal to create his art, not realizing the coins’ immense value.

Ultimately he crafts a sculpture for his sister’s grave out of the coins and unwittingly achieves his goal of becoming an admired artist in the process.

Arau is directing “Gold” from an original script by Robert Dorff.

Cinema Seven is currently shooting Udayan’s Prasad’s “Opa!”, starring Matthew Modine and Richard Griffiths in Greece. Shingle is also in post on slasher pic “Hollywood Horror.”

Arau’s credits include “Like Water for Chocolate” and “A Walk in the Clouds.”