From the Hollywood Reporter:
CANNES -- Oscar winner Ang Lee is reuniting with longtime collaborator James Schamus and Focus Features to direct his follow-up to "Brokeback Mountain," the espionage thriller "Lust, Caution." Set in World War II-era Shanghai, the Chinese-language film is expected to begin production this fall. The film will be exec produced by Focus CEO Schamus. The screenplay will be adapted from Eileen Chang's short story by Lee's "Crouching Tiger, Hidden Dragon" screenwriter Wang Hui-Ling. Bill Kong, who produced "Crouching Tiger" is reteaming with Lee to produce, and Schamus will serve as exec producer. "Ang is going to be making a very exciting film that's unlike anything he's done before," said Schamus, who's collaborated with Lee on nine features." ‘Lust, Caution' is a uniquely Asian story which, in Ang's hands, will surprise and attract audiences around the world." Focus has worldwide rights to the film, excluding Asia. Focus Features International is handling overseas sales and distribution.
Yet another genre that Ang will make his own.
--Modified title to include film name. --Lynne