Summit circles ‘Wallflower’

Indie coming-of-age pic stars Emma Watson

Summit Entertainment is in negotiations to acquire distribution rights to coming-of-age drama “The Perks of Being a Wallflower,” starring Emma Watson and Logan Lerman.

Project’s set up at John Malkovich’s Mr. Mudd.

Perks of Being a Wallflower” author Stephen Chbosky will direct from his own script with Lianne Halfon, Malkovich and Russell Smith producing.

Watson committed to “Perks” last spring. Casting marks one of Watson’s first roles outside her work as Hermione Granger in Warner Bros.’ eight “Harry Potter” films. Final pic, “Harry Potter and the Deathly Hallows: Part II,” is set for release in July.

She’s wrapped on the Weinstein Co.’s “My Week With Marilyn.”

Lerman, who starred in “Percy Jackson and the Olympians: The Lightning Thief,” stars as D’Artagnan in Paul W.S. Anderson’s version of “Three Musketeers” for Constantin.

“Perks,” which was published in 1999, is narrated by a shy and unpopular teenager who describes his life by writing a series of letters to an anonymous person and explores the awkward times of adolescence. Book has been on the American Library Assn.’s list of the 10 most frequently challenged for including themes of drugs, sex and suicide.

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