James Franco's production company, Rabbit Bandini Productions, has optioned the rights to the book The Disaster Artist: My Life Inside The Room, which was published last fall. Franco will direct the film, and his brother Dave Franco has been cast in the lead role.
The Room is considered to be one of the worst movies ever made, but over the years it has gained a huge cult following. It was directed by Tommy Wiseau and starred actor Greg Sestero, who also co-wrote the book about the making of the film. The making of The Room is definitely more interesting than the film itself, and this project should make for an entertaining movie.
Ryan Moody is writing the script for the film, and Seth Rogen and Evan Goldberg will also produce it. Here's a more detailed description of the book:
The hilarious and inspiring story of how a mysterious misfit got past every roadblock in the Hollywood system to achieve success on his own terms: a $6 million cinematic catastrophe called The Room.
Nineteen-year-old Greg Sestero met Tommy Wiseau at an acting school in San Francisco. Wiseau’s scenes were rivetingly wrong, yet Sestero, hypnotized by such uninhibited acting, thought, “I have to do a scene with this guy.” That impulse changed both of their lives. Wiseau seemed never to have read the rule book on interpersonal relationships (or the instructions on a bottle of black hair dye), yet he generously offered to put the aspiring actor up in his LA apartment. Sestero’s nascent acting career first sizzled, then fizzled, resulting in Wiseau’s last-second offer to Sestero of costarring with him in The Room, a movie Wiseau wrote and planned to finance, produce, and direct—in the parking lot of a Hollywood equipment-rental shop.
Wiseau spent $6 million of his own money on his film, but despite the efforts of the disbelieving (and frequently fired) crew and embarrassed (and frequently fired) actors, the movie made no sense. Nevertheless Wiseau rented a Hollywood billboard featuring his alarming headshot and staged a red carpet premiere. The Room made $1800 at the box office and closed after two weeks. One reviewer said that watching The Room was like “getting stabbed in the head.”
The Disaster Artist is Greg Sestero’s laugh-out-loud funny account of how Tommy Wiseau defied every law of artistry, business, and friendship to make “the Citizen Kaneof bad movies” (Entertainment Weekly), which is now an international phenomenon, with Wiseau himself beloved as an oddball celebrity. Written with award-winning journalist Tom Bissell, The Disaster Artist is an inspiring tour de force that reads like a page-turning novel, an open-hearted portrait of an enigmatic man who will improbably capture your heart.