Variety reports that Philip Seymour Hoffman and Emily Ziff's production entity, Cooper's Town Productions, will be making The Well starring Guy Pearce and Mary-Louise Parker.

Tim Guinee is going to write and direct this psychological thriller for his feature directorial debut.

The story centers around a well off Manhattan couple whose obsessive pursuit of salvation eventually leads them to destruction.

Guinee passed the screenplay along to Hoffman, who very quickly brought the project to Cooper's Town.

"For us, the relationship with the artist is key; we strive to be a company with whom filmmakers feel inspired and supported while working," Ziff stated.

Currently, Cooper's Town is trying to raise financing for the film.