James Franco will star with Winona Ryder in The Stare, a Jay Anania-directed film that is the first project funded by Waterstone Entertainment, a new producing/financing company formed by producer Jeff Kalligheri and Texas real estate developer and producer Steve Bowen.
Watersone gets started with The Stare, a drama in which a playwright (Ryder) finds her mind beginning to warp as she struggles to launch her next production. She’s plagued by dreams and visions of being watched, but can’t decide if she’s at the center of a manipulative plot or simply losing her grip on reality. Franco plays one of the performers in the playwright’s production. The film will shoot May 6 in New York. Franco is producing with his Vince Jolivette, with Kalligheri exec producing with Steven Garcia, Rich Hill and Eric Amadio. Franco previously starred in Shadows and Lies for the film’s writer/director Anania, a teacher of Franco’s who heads the directing program at the graduate film school at NYU. Franco’s repped by CAA, Ryder by Gersh.