The film is being written by David Cronenberg and produced by Paulo Branco's Alfama Films and Cronenberg's Toronto-based Antenna, in association with Kinology.
Farrell will be playing a millionaire asset manager who loses all of his money over the course of one day. His wife will be played by Cotillard.
Shooting will be taking place from march through May in Toronto and New York. It will be a follow up film to Cronenberg's "A Dangerous Method," which will star Keira Knightley and Viggo Mortensen.