First Daughter and First Daughter: Alcon Entertainment has conceded the title of First Daughter to New Regency, reports Variety. However, Alcon will still be first in the competition to make a movie about a world leader's newly liberated offspring.

With Alcon's Untitled Mandy Moore Project scheduled to begin production May 25 in London for a 10-week shoot, the cast will be rounded out with Anabella Sciorra, Jeremy Piven and Mark Harmon as the president of the United States.

New Regency's First Daughter, which stars Katie Holmes, is slated to begin shooting a week later in Los Angeles.

The projects -- which, at one point, were both titled First Daughter -- are angling for an early 2004 release. Alcon's film will go through Warner Bros. Pictures, New Regency's via 20th Century Fox.

Budgeted at $23 million, the Alcon movie will follow Moore as the frustrated daughter of the American president, eager to kick over the traces on her first trip to Europe.

Stay tuned...