As previously reported, Joaquin Phoenix and Mark Wahlberg are set to star in We Own the Night, a James Gray-directed drama that will shoot in New York in March with financing from 2929 Prods.

The actors and director previously made the crime drama The Yards together. Nick Wechsler, who produced that film, will produce "We Own the Night" with 2929 Prods. president Marc Butan, Phoenix and Wahlberg. Todd Wagner and Mark Cuban, owners of 2929, will exec produce.

The Gray-scripted drama is set at the height of a bloody 1980s struggle between Gotham cops and a Russian mob that targeted law officers and their families. That led the NYPD to hang "We Own the Night" banners in precinct houses and step up their efforts. Wahlberg and Phoenix play siblings in a cop-dominated family, with Phoenix the black sheep who ends up managing a Russian mob-controlled nightclub.

CLICK HERE for our exclusive interview with director Jame Gray which we recently conducted for The Yards DVD release.