Megan Fox is set as the female lead in "Zeroville," James Franco's adaptation of the acclaimed Steve Erickson novel set against the backdrop of late 1960s Hollywood.
Franco is directing the movie as well as starring as a film-obsessed man who arrives in Hollywood in 1969, as the studios are in decline and independents are rising.
As the world around him transforms culturally with sex, drugs and rock 'n' roll, he gets his dream job of being a film editor, only to encounter a host of characters ranging from former starlets, burglars and political guerrillas to punk musicians and veteran filmmakers.
Vince Jolivette of Rabbit Bandini along with Caroline Aragonand Michael Mendelsohn are producing, as is Franco. The title will be selling at November's AFM.
Fox will play a Hollywood starlet with a very troubled past who becomes the love interest and obsession to Franco's character.
Also in the movie are frequent Franco cohorts Seth Rogen, Danny McBride and Craig Robinson as well as Will Ferrell, Jacki Weaver and Horatio Sanz.
The movie is shooting in Los Angeles and Franco hinted at Fox's casting earlier this week when he posted an image on his Instagram account.
Fox was the human face and star of Paramount's "Teenage Mutant Ninja Turtles," which debuted at $65.5 million domestic on opening weekend.
The movie was the fourth-highest August opening ever and has grossed $375 million worldwide. And being an entertainer with one of the largest Facebook followings (over 52 million), you can bet she'll be in the sequel.
Her other recent film credits include the comedies "This Is 40," from Judd Apatow, and "Friends With Kids," in which she starred opposite Jon Hamm and Kristen Wiig.