After working together on Gus Van Sant‘s fracking drama PROMISED LAND, Matt Damon and John Krasinski are re-teaming for THE KING OF OIL, which will chronicle the true story of disgraced billionaire businessman Marc Rich.
Joe Shrapnel and Anna Waterhouse will adapt Daniel Ammann‘s biography ‘The King of Oil: The Secret Lives of Marc Rich’, which Universal optioned on behalf of Krasinski’s company Sunday Night Productions. At this point, Krasinski is simply attached to produce alongside his Sunday Night partner Allyson Seeger, as well as Vincent Sieber and Uri Singer, the latter of whom first optioned the book before partnering with Sunday Night. Executive producers include Steve Gordon, Greg Moss and Daniel Turcan.
Krasinski is a hot commodity coming off of A QUIET PLACE, though it’s Damon who is in talks to play Rich, and the script will be developed as a starring vehicle for the Oscar winner. Damon is coming off a rough fall that saw both SUBURBICON and DOWNSIZING fail to entice critics or audiences, but THE KING OF OIL seemingly offers a much stronger role for the Boston-born actor.
Rich was a powerful and uber-wealthy oil and commodities trader who founded Glencore before being indicted in 1983 on 65 criminal counts, including tax evasion. He was never made to answer for his crimes — though he did receive a controversial pardon from President Bill Clinton on his last day in office — and died in 2013 at age 78 after living abroad for many years.
In addition to co-writing and starring in PROMISED LAND, Damon and Krasinski also teamed up to produce MANCHESTER BY THE SEA, which won two Oscars and was nominated for four more, including Best Picture. The duo are represented by WME, while CAA reps Shrapnel and Waterhouse.
Damon will soon begin filming James Mangold‘s FORD VS FERRARI movie alongside Christian Bale, and he’s also slated to star in an RFK biopic from THE DARK TOWER director Nikolaj Arcel. Krasinski is actively developing a sequel to A QUIET PLACE, though he hasn’t committed to return as director yet. He next stars as the titular analyst in the new Amazon series ‘Jack Ryan’.