Down In The Valley: According to Variety, Edward Norton and Evan Rachel Wood will star in Down in the Valley, to be directed by "Dahmer" helmer David Jacobson.

Element Films will produce and fully finance the project, which Norton will also produce. Budgeted around $8 million, it's set for a Feb. 29 start in Los Angeles.

Written by Jacobson, Down in the Valley was part of the Sundance Institute's annual screenwriting lab last June. It's a dark tale that features a father who must contend with his wild child of a teenage daughter and her dangerous boyfriend.