EXCLUSIVE: Black Label Media has set Michael Cuesta to direct Code Name Veil, the Matt Billingsly-scripted hot button drama. Cuesta just directed the Jeremy Renner-scripted Kill The Messenger and directed the pilot of Showtime’s Homeland and is an exec producer. This script, which made the Black List, sounds right in his wheelhouse, given the subject matter of both of those projects. Black Label Media’s Molly Smith, Trent Luckinbill and Thad Luckinbill will finance and produce.

Inspired by true events, Code Name Veil follows a rookie CIA agent who investigates the first terrorist attacks against America—the Embassy and Marine barracks bombings in Beirut in 1983. When his station chief and mentor is taken hostage, he must resort to desperate measures, unwittingly becoming part of the scandal that would become known as Iran-Contra. That subject played into Kill The Messenger, about how a newspaper journalist was smeared for reporting on the CIA’s role in the infiltration of crack cocaine into the U.S.

Jon Schumacher, BLM’s Vice President of development brought the project in and will be an Executive Producer on the project. Ellen Schwartz will Exec Produce. Cuesta is WME repped and Billingsly is Paradigm and Industry Entertainment.

Black Label Media’s The Good Lie premiered at Toronto with Reese Witherspoon starring, and next up is the Denis Villenueve-directed Sicario which stars Emily Blunt and Benecio Del Toro, and the Jean Marc Valle-directed Demolition with Jake Gyllenhaal and Naomi Watts. Black Label Media also acquired 71 with Unbroken’s Jack O’Connell starring and Yann Demange directing. Latter film premiered at Berlin.