McQueen will write, direct and produce the pic with Iain Canning and Emile Sherman producing alongside him.
The story is based on a British 1980s miniseries, which was written by BAFTA award-winning writer Lynda La Plante and begins when four armed robbers are killed during a robbery and their surviving widows come together to try to finish the failed job.
“After the tremendous success and the amazing journey we experienced together on ‘12 Years A Slave,’ we formed a true friendship with Steve,” said New Regency CEO Brad Weston. “He is like family to all of us here at New Regency and we are thrilled he has entrusted us with this project. We can’t wait to collaborate with him once again.”
McQueen is represented by CAA, Casarotto Ramsay and Associates in the UK and Carlos Goodman.