EXCLUSIVE: Studiocanal and The Picture Company came out on the winning end of an auction for Gunpowder Milkshake, an action film that will be the next directorial outing for Big Bad Wolves directors Aharon Keshales and Navot Papushado. The duo wrote the script with Ehud Lavski.

Andrew Rona and Alex Heineman will produce through their Studiocanal-based The Picture Company banner. The aim is to go in production by the fall.

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Pic is a high-concept action-thriller with a rich mythology, a female protagonist, and franchise potential. The Israeli filmmakers will begin casting the movie with a start date and progress to production as part of its Studiocanal deal.

Papushado and Keshales are best known for writing and directing genre bending thrillers like their 2014 breakout, Big Bad Wolves. Several suitors lined up for this package, looking to start a franchise with them. Studiocanal’s Ron Halpern and Shana Eddy were key to securing the deal.

The Picture Company, which is also backed by Italia Film, most recently produced for Studiocanal the Liam Neeson thriller The Commuter, which has grossed $120 million worldwide on a $40M budget to become Studiocanal’s fourth highest grossing movie. The producers also teamed with Makeready on its first feature, the Sam Taylor Johnson-directed A Million Little Pieces, and Rona and Heineman recently set a feature version of the Jacob Chase horror short Larry with Amblin Partners.

UTA brokered the auction and will represent U.S. rights on the film along with Studiocanal which controls worldwide rights. Keshales and Papushado are represented by UTA, Eric Suddelson and Cuffe Owens. Lavski is also represented by UTA, Gotham Group and attorney Eric Feig.