The film follows a young man (Gyllenhaal) drawn into the world of Los Angeles freelance crime reporting.
Rene Russo will co-star.
Screenwriter Dan Gilroy (Real Steel) will make his film directorial debut on the noir film based on his own script.
The writer-director's brother, Tony Gilroy (The Bourne Legacy), is producing with Gyllenhaal, Jennifer Fox, Michel Litvak, and David Lancaster.
Production starts in October.
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