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PARIS — Michel Hazanavicius, the Oscar-winning director of “The Artist” and “The Search,” is set for “Le Redoutable,” a Paris-set comedy chronicling the tumultuous romance between iconic French director Jean-Luc Godard and Anne Wiazemsky set against the backdrop of May 1968 riots.

“Le Redoutable,” based on Wiazemsky’s book “Un an apres” (“One Year After”), stars Louis Garrel (“Saint Laurent”), Stacy Martin (“Nymphomaniac: Vol I”), Berenice Bejo (“The Past”) and Gregory Gadebois (“Angele et Tony”).

The movie, currently shooting in the French capital, marks the first project developed and produced by Les Compagnons du Cinema, a French outfit launched by Hazanavicius, Florence Gastaud, the managing director of the ARP (authors, directors and producers’ guild) and Riad Sattouf, the comicbook artist and director of “French Kissers.”

“Admiring deeply the work of Godard, and forever fascinated by this period of our history and its imagery, I absolutely wanted adapt this book into a comedy,” Hazanavicius wrote on his Facebook account.

Budgeted at 11 million euros, “Le Redoutable” is an ambitious period film which includes cult riot scenes with hundreds of extras depicting clashes between students and police forces.

Wild Bunch handles international sales while Studiocanal has taken French distribution rights.

Speaking to Variety, Gastaud – who will keep her position at the ARP until this fall — said Les Compagnons du Cinema will be primarily dedicated to produce the films of Hazanavicius and Sattouf, and will also seek to produce select movies from other directors.

Hazanavicius and Gastaud collaborated for years at the ARP, where the helmer served as president. Sattouf, meanwhile, has been a close ally to Hazanavicius, who even starred in Sattouf’s “Jacky in the Kingdom of Women.”

Sattouf has just finished “L’arabe du futur 3,” the third opus of his graphic novel collection.