Ewan McGregor and Glenn Close are said to be the stars of a $57 million (33 million pounds) film version of Andrew Lloyd Webber's musical adaptation of Sunset Boulevard, according to Contact Music.
Glenn Close appeared to be thrilled by this new offer, as she has already played the part of Norma Desmond in the award-winning Broadway run of the show in 1993. She received the Tony Award for her Norma Desmond performance.
"The pair have spoken about it privately at this year's Golden Globes ceremony and she said she would be happy to take it on again", co-producer Austin Shaw said.
The film made with Paramount should be out in time for Christmas 2006.
Oscar - winners Don Black and Christopher Hampton wrote the lyrics for the ne Sunset Boulevard movie, which is based on Billy Wilder's 1950 classic black comedy/drama about the doomed romance between Norma Desmond, a fading star of the silent cinema, and Joe Gillis, an ambitious young writer.
The five times Oscar nominee and Golden Globe winner, Glen Close, 58, has faced her fear of drawing comparison with the legendary silent film diva, Gloria Swanson's performance, and will go on set together with box office star Ewan Mc Gregor, who is considered a big draw for the film.
One of cinema's finest moments, that was perhaps the darkest film-noir story about "behind the scenes" Hollywood, self-deceit, spiritual and spatial emptiness, and the price of celebrity, voracity, narcissism, and ambition.
The Sunset Boulevard screenplay was based on the story "A Can of Beans", the last collaborative film effort of Brackett and Wilder who had been working together on many movies since 1938.
Wilder's tragic film received eleven Academy Award nominations and three Oscars, for Best Story and Screenplay (co-authored by Charles Brackett, D.M. Marshman, Jr., and Billy Wilder), Best Black and White Art Direction/Set Decoration, and Best Scoring of a Dramatic or Comedy Picture (Franz Waxman).
The eight unsuccessful nominations were for Best Picture, Best Actor (William Holden), Best Actress (Gloria Swanson, who lost to Judy Holliday for Born Yesterday), Best Supporting Actor (Erich von Stroheim), Best Supporting Actress (Nancy Olson), Best Director, Best B/W Cinematography (John Seitz), and Best Film Editing.