Fred Schepisi has come onboard to direct indie romantic drama “Words and Pictures,” starring Clive Owen and Juliette Binoche.

Curtis Burch is producing for his Latitude Prods. banner in association with Gary Cogill for Dallas-based Lascaux Films. Gerald DiPego, who penned the script, is also producing; Joseph Cohen of American Entertainment Investors exec produces.

Latitude Prods. acquired “Words and Pictures” as its first project. Pic begins shooting in March.

Story takes place at an elite, insular New England prep school where a charismatic English teacher (Owen) and an intensely private art teacher (Juliette Binoche) create an improbable relationship, then proceed to complicate their lives with romance. Owen and Binoche have been attached to the movie since last spring.

Schepisi’s credits include “Roxanne” and “Six Degrees of Separation. DiPego wrote “Phenomenon” and “Message in a Bottle.”

Owen was most recently seen in HBO’s “Hemingway and Gellhorn,” will be seen next in indie feature “Blood Ties” and is currently filming “The Last Knights” with Morgan Freeman. Binoche was most recently seen in Abbas Kiarostami’s “Certified Copy,” for which she won the best actress award at Cannes, and will next be seen in “An Open Heart” and Bruno Dumont’s “La Creatrice.”