Fox Searchlight finalizing deal for David O. Russell to direct film about Russ Meyer

Fox Searchlight is putting the finishing touches on a package that will allow David O. Russell (The Fighter) to direct a feature about Russ Meyer, the maker of exploitation B-movies like Faster, Pussycat! Kill! Kill! and Super Vixens. The deal would have a script written by Merritt Johnson. Johnson got his start as Russell's assistant on Three Kings,  he recently co-wrote the celebrated HBO telepic Temple Grandin and scripted Lovelace, which will likely star James Franco and Kate Hudson in the leads.

Deadline reports that part of th deal involves getting rights to the Jimmy McDonough book Big Bosoms And Square Jaws: The Biography Of Russ Meyer, King Of The Sex Film. Meyer began crafting exploitation grindhouse-style films in the early 1960s featuring buxom actresses. He wrote, directed, produced and even distributed all of his films which he also owned the rights to until his death.

I like David O. Russell, and I am sure he'll do a good job on this. I would rather see him step in to direct The Wolverine personally.

What are your thoughts on this news?