News Bits: Downsizing, List, Alchemy, Ruth, Four

Downsizing
Reese Witherspoon is set to join Matt Damon in Alexander Payne’s social satire “Downsizing”. Payne wrote the script with Jim Taylor.

The story centers on a man in the near future who realizes that he would have a better life if he were to shrink himself at a time when humans are able to do so to battle over-consumption and the depletion of the Earth’s natural resources. [Source: Variety]

Naughty List
New Line has picked up Greg Erb and Jason Oremland’s Xmas script pitch “The Naughty List” which Beau Flynn will produce. All that’s known of the story is that it’s a high-concept action comedy with a “Guardians of the Galaxy” style tone and follows a group of unlikely heroes who must band together in order to save Christmas. [Source: Heat Vision]

Alchemy
Millennium Entertainment has rebranded itself as Alchemy with January 23rd’s “The Humbling” to be the first film released under the new name. Alchemy says it represents 75% of all independent titles sold at Target and is the leading supplier of independent media content to digital platforms including iTunes, Netflix and VOD.

Al Pacino, Dianne Wiest and Greta Gerwig star in that film about an aging actor who has an affair with a lesbian woman half his age at a secluded country house in Connecticut. [Source: Variety]

Ruth and Alex
Focus World has confirmed that the Morgan Freeman-Diane Keaton-led comedy “Ruth and Alex” has been retitled. Now called “Five Flights Up,” it is set for a limited release on May 8th.

The story follows a married couple trying to decide whether to sell their longtime Brooklyn home. During the course of one weekend, they discover that finding a new apartment is not about winding down but starting a new adventure. [Source: Deadline]

The Fantastic Four
Composer Marco Beltrami has been brought in to provide the score for 20th Century Fox’s superhero reboot “The Fantastic Four” which is due out in August. Josh Trank helms the project which has yet to release any official publicity material and is one of 2015’s biggest unknown quantities. [Source: ComicBook.com]