Paul Schrader Becomes ‘Bait’ for Sharks

Iconoclastic filmmaker Paul Schrader (The Exorcist: Dominion) is teaming up with nihilistic author Bret Easton Ellis for the shark-infested psychological horror project Bait, reports THR.

Schrader, the writer behind Taxi Driver and Raging Bull and the writer-director of American Gigolo, has signed to direct the picture, and will collaborate with Ellis on the latest draft of the script, which follows a young man itching to take his revenge against the wealthy.

The man, who works at a posh beach club, angles his way on to a yacht filled with the obnoxious elite, commandeering it into waters filled with the finned man-eaters.

The producers are aiming for a November start in Puerto Rico, with casting beginning immediately.