"There Will Be Blood" in Paramount Classics studio as Scott Rudin is about to executive produce the upcoming movie. Loosely based on the 1927 Upton Sinclair novel "Oil!," the drama flick is slated for a mid-May shooting schedule, takes place in Texas and New Mexico.
Daniel Day-Lewis and director Paul Thomas Anderson will both team up on the film. While Anderson wrote the script, Day-Lewis will play a prospector who buys the oil rights to a family's ranch, and then hits a major pocket of crude. The story then turns into a tale of greed and faith, as the prospector realizes the American dream and is destroyed by it.