Leonardo DiCaprio, Regina Hall and Sean Penn Team for Paul Thomas Anderson’s Next Movie

The film is set to begin filming this month, according to reports

Paul Thomas Anderson has gathered a star-studded A-list cast to bring his new film to life.

The Boogie Nights director, 53, is set to helm an untitled film for Warner Bros. starring Leonardo DiCaprio, Sean Penn and Regina Hall, which will begin production in California this month, according to Deadline and Variety.

While not much is known about the film, the outlets reported that the film will be set in a contemporary universe and will focus on a large ensemble cast, which has yet to be fully revealed.

The movie is also rumored to have a hefty price tag that is approaching the $100 million mark, according to Variety.

Related: Leonardo DiCaprio Attends Palm Springs Film Festival as Killers of the Flower Moon Wins Vanguard Award

Anderson’s new film will follow his acclaimed Licorice Pizza, which got three Oscar nods for Best Picture, Best Original Screenplay and Best Director. Anderson has also gotten Oscar nominations for his films Phantom Thread, Boogie Nights, Magnolia and Inherent Vice.

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Oscar winner Penn is no stranger to the director’s work, having starred in Licorice Pizza in 2021 alongside Alaina Haim.

Related: Bradley Cooper Stars Alongside Philip Seymour Hoffman's Son Cooper in Trailer for 'Licorice Pizza'

DiCaprio — who recently starred in the award-winning Killers of the Flower Moon — had previously gotten the chance to work with Anderson on Boogie Nights before dropping out to star in Titanic, according to Variety. The lead role was then given to Mark Wahlberg.

This will mark Hall's first time working with Anderson.

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