From Deadline:We Own The Night writer/director James Gray is fast mobilizing his next film. It's called Low Life, and it will star Marion Cotillard and Joaquin Phoenix, with Jeremy Renner in discussions to play the third lead. The project is being packaged by CAA. Several financiers are in the mix, but I hear that Wild Bunch will likely get it. Discussions are also taking place with domestic distributors, and deal is expected to be sealed shortly. The Hurt Locker's Greg Shapiro is producing.
