The Weinstein Co. has picked up worldwide film rights to the Pulitzer Prize and Tony-winning play August: Osage County and will produce a feature adaptation, according to Variety.

TWC co-chairman Harvey Weinstein will join Jean Doumanian and Steve Traxler as producers of the pic, with playwright Tracy Letts doing the adaptation.

Weinstein said his company will fully finance and distribute the film with an eye toward a 2011 release.

Weinstein and Doumanian have already received calls from reps of interested actresses who've seen the play.

Doumanian said she hopes to have a Letts-penned screenplay within two or three months.

"I've loved the writing since I was given a 240-page script for a three-hour play that starred nobody, that had no workshop," Weinstein said. "My reaction was similar to the feeling I had when I read Quentin Tarantino's script for 'True Romance.' Tracy has that kind of voice."

No production date has been set.