Warren Beatty has signed on to direct and star in an untitled comedy for Paramount Pictures. Warren Beatty will direct from a script he wrote. Casting is underway.

"Warren's script is quintessential Beatty, elegantly written and wonderfully entertaining," said Brad Grey. "It is our privilege to have one of the great artists in the history of the film industry come home to Paramount."

The movie is expected to go into production later this year.