Paul Schrader to direct BAIT penned by Bret Easton Ellis

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Paul Schrader is set to direct the Bret Easton Ellis screenplay Bait. Variety reports that Schrader is taking over for Jonas Pate and will also perform touch-ups on the screenplay as well. Do not get confused, this is a completely different project from Bait 3D

Here is a description of the film from when the story was first released:

Cole is a quiet young man, unassuming, who works as waiter at a posh beach club. But underneath his polite demeanor is a suppressed rage at hte wealth and bounty that surrounds him and is out of his reach. The arrogance and dismissive nature of the rich fuels his anger at the unfairness of the world, and he is a ticking time bomb just waiting to explode.

One night, a group of these elite kids build a bonfire on the beach and party into the late hours, drinking, dancing, swimming and having fun. Cole, off duty, watches the festivities out of sight. When he moment is right, he hesitantly strikes up a conversation with the pretty Haley. But when her boyfriend Ryan spots the two talking, he is incensed and aggressively confronts Cole. In spite of Haley pleading to let him be, Ryan and his friends beat Cole to the ground and then humiliate him before the crowd. It's the trigger that sends Cole over the edge.

The next day the hung over friends plan to spend the day on Ryan's father's luxurious yacht. Haley had slipped this bit of information to Cole during their talk, and Cole is determined to exact his revenge. He disposes of the yacht's first mate and reports for duty, claiming to the Captain to be the first mate's friend, who had to go away on unexpected business. The Captain obliges and Cole stows beneath deck while Ryan and his friends climb aboard. When they get too far out to sea to be spotted from the shore, Cole kills the Captain. Waiting until everyone is in the water, Cole unleashes his sinister plan of revenge. His weapon of choice is a school of sharks smelling blood and slowly circling the boat. As Cole steadily picks off each of his enemies, their desperate chances for survival grow slimmer and slimmer.

Schrader penned screnplays for Martin Scorsese's Taxi Driver, Raging Bull and The Last Temptation of Christ. He directed such films as Auto Focus and Mishima: A Life in Four Chapters. Ellis has written some of my favorite books, many of which have been turned into feature films (The Rules of Attraction, American Psycho and The Informers). 

I love Ellis's writing style so I am interested in seeing this film because of that. Schrader has also crafted some awesome films as welll, so his addition is great news to me. What are your thoughts on this news?

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