Penélope Cruz In Talks to Star in Netflix’s Upcoming Nancy Meyers Film “Paris Paramount” (Working Title)

Penélope Cruz could be starring in a comedy soon…

The 48-year-old Spanish Oscar-winning actress is in talks to star opposite Scarlett Johansson, Michael Fassbender and Owen Wilson in the big-budget Netflix comedy marking Nancy Meyers’ return to directing, Deadline can confirm.

Penelope CruzSources say actor deals have not yet closed, as budgeting is still being worked through. Netflix had no comment.

The film currently titled Paris Paramount, which tells the story of an above-the-line filmmaking duo who reunite (begrudgingly) on set after falling in and out of love with one another.

Meyers will direct from her own script and also serve as producer on the film, which sources tell us is at a budget exceeding $100M.

The project will mark her first as director since The Intern, a buddy comedy of sorts starring Robert De Niro and Anne Hathaway, which was released by Warner Bros in 2015.

Most recently appearing in films including Emanuele Crialese’s L’immensitàOfficial Competition with Antonio Banderas, and Pedro Almodóvar’s Oscar-nominated Parallel Mothers, Cruz will next be seen starring opposite Adam Driver in Michael Mann’s Ferrari.

An Academy Award-nominated writer, director and producer best known for her work in the rom-com space, Meyers has also previously helmed features including It’s Complicated, The HolidaySomething’s Gotta GiveWhat Women Want and The Parent Trap.

Penélope Cruz Partnering with Mediapro Studio to Launch “Moonlyon” Production Label

Penélope Cruz is over the Moon(lyn)

The 47-year-old Spanish Oscar-winning actress and producer has teamed up with The Mediapro Studio to launch production label Moonlyon.

Penelope Cruz

The company will produce premium non-fiction and dramatic content, the two parties said in a release, and will allow Cruz to increase her output behind the camera.

One of the most recognizable names in Spanish cinema, while also being a star in Hollywood, Cruz has teamed with Mediapro on multiple occasions before, including more recently starring in Gastón Duprat and Mariano Cohn’s Official Competition opposite Antonio Banderas. Further recent credits including Pedro Almodovar’s Parallel Mothers, which scored her an Oscar nomination.

The wider Mediapro group has 24 offices producing a wide variety of content for cinema and television.

“I have always been enthusiastic about telling new stories and contributing to the filmmaking process, so I decided to form Moonlyon with The Mediapro Studio,” said Penélope Cruz. “With more demand than ever for stories from diverse backgrounds and new parts of the world, I am very happy to be able to continue my work as a producer with a company that I know intimately and that has valuable international positioning experience. Our goal is for Moonlyon to become a quality benchmark with a personality of its own.”

“We are really happy. It is a privilege to be Penélope Cruz’s partner in this new adventure,” commented Laura Fernández Espeso, CEO of The Mediapro Studio. “We have been working with her for years and our relationship has grown very naturally. We will bring to MOONLYON our knowledge of the industry, our creativity, and our vision for a project that will form part of the international expansion strategy of the Studio.”

Penélope Cruz to Star in Michael Mann’s Enzo Ferrari Biopic “Ferrari”

Penélope Cruz is revving her engines for a new role…

The 47-year-old Spanish Oscar-winning actress, who earned an Academy Award nod this week, will star in director Michael Mann’s passion project Ferrari.

Penelope CruzCruz is among a roster of All-Star cast members that includes Adam Driver and Shailene Woodley for the big-budget biopic of racing mogul Enzo Ferrari.

Driver is replacing Hugh Jackman in the title role while Parallel Mothers star Cruz will play Enzo’s wife Laura.  Woodley will play mistress Lina Lardi.

Four-time Oscar nominee Mann is gearing up for a May start in Italy.

STX is handling international rights and has now picked up the domestic rights in a big deal with Mann. Amazon is aboard in a handful of international markets. STX International will look to close remaining deals this week with some big international pacts already secured, including Leone in Italy.

The movie, which Mann has been working on for two decades, is set during the summer of 1957. Ex-racecar driver, Ferrari, is in crisis. Bankruptcy stalks the company he and his wife, Laura, built from nothing ten years earlier. Their tempestuous marriage struggles with the mourning for one son and the acknowledgement of another. He decides to counter his losses by rolling the dice on one race – 1,000 miles across Italy, the iconic Mille Miglia.

The project has famously been through multiple iterations, but this is as far along as the casting has been at any stage.

Mann will direct from a script by Troy Kennedy and Mann based on Brock Yates’ book Enzo Ferrari – The Man and the Machine.

“Being able to have these wonderfully talented artists, actors Adam Driver, Penélope Cruz and Shailene Woodley, bring to life these unique characters on location in Modena and the Emilia-Romagna is a vision fulfilled,” says Mann.

Ferrari is so much more than a story about a man and his machine,” says Adam Fogelson, Chairman of STXfilms Motion Picture. “It is an extraordinary and emotional story that Michael has been developing for years and the entire team at STX is looking forward to the start of production with this dream cast and filmmaker. Adam Driver is one of the most talented and fascinating actors working today, and we could not be more thrilled to pair him with Penélope, whose legendary career builds with every role she takes.”

Cruz, nominated this week for the Best Actress Oscar in Parallel Mothers, won the Academy Award for Best Supporting Actress for her role in Vicky Cristina Barcelona and was nominated another two times for her roles in Volver and Nine. In addition to Parallel Mothers for Sony, she currently stars in IFC’s Official Competition opposite Antonio Banderas.

Penelope Cruz’s “Official Competition” Acquired for UK Distribution by Protagonist Pictures

Penelope Cruz’s latest project is headed to theaters in United Kingdom…

The 47-year-old Spanish Oscar-winning actress’ Spanish-language comedy Official Competition, co-starring Antonio Banderas and Oscar Martínez, has been acquired for UK distribution by Protagonist Pictures.

Penelope Cruz, Antonio Banderas, Official Competition

The announcement came ahead of the film’s world premiere at the Venice Film Festival.

In Official Competition, Oscar winner Cruz plays renowned filmmaker Lola Cuevas, who is recruited by a billionaire entrepreneur who impulsively decides to create an iconic movie. Banderas stars as Hollywood heartthrob Félix Rivero, and joining them is Argentinian actor Oscar Martínez (The Distinguished Citizen), who plays radical theatre actor Iván Torres.

The Spanish-language comedy, directed by Mariano Cohn and Gastón Duprat from a script they wrote with Andrés Duprat, will also screen in the Special Presentations section of the Toronto International Film Festival and will open this year’s Perlak Section at the San Sebastian Film Festival.

Produced by The Mediapro Studio, the film has already sold to a string of international indie buyers.

“We are incredibly excited to work with such a talented cast and such lauded directors. We’re thrilled to bring this hilarious and witty film to UK audiences at a time when it is much needed,” said Curzon officials.

Protagonist CCO George Hamilton added: “Our friends at Curzon have a prodigious record in delivering high-quality films to discerning UK audiences, making them the perfect partners to distribute this whip-smart comedy, led by A-list talent at the top of their game, and helmed by some of Spain’s most fiercely talented filmmakers. We know Official Competition is in the best hands possible.”