New Movie from Daniel Day-Lewis, Paul Thomas Anderson Picked Up by Focus Features

In a $35 million auction win at Toronto Film Festival today, Universal and Focus Features secured the worldwide rights to the second collaboration between Daniel Day-Lewis and director Paul Thomas Anderson, Deadline reports. The movie is currently untitled, but it is reportedly set in the world of fashion in London in the 1950s.

The duo’s first pairing, the slow-boil oil tycoon drama There Will Be Blood, netted Day-Lewis his second of three Academy Awards for Best Actor, is often cited as the best movie of the 21st century, and made a solid haul at the box office to boot, so it’s no surprise Universal and Focus had to compete in what Deadline calls a “ferocious bidding battle with Fox Searchlight” for the movie’s rights.

Honestly, this is just good news for everybody. Focus gets some surefire nominations and maybe a couple of Oscar wins, and audiences get another movie from arguably the best actor and director duo working today. The only bad news is that we’ll have to wait until late 2017 (read: Oscar season) for the film’s release.