The original screenplay, which recently appeared on the prestigious “Blacklist”, was penned by South African filmmaker Mukunda Michael Dewil who will also direct.

Walker plays a traveler who picks up the wrong rental car (with a woman in the trunk) and he becomes a target for a corrupt police force.

Peter Safran (Buried) and Ryan Haidarian (formerly of the NFVF) will produce.

K5 – which is based in Munich, London and Los Angeles — will start pre-sales in Cannes. UTA’s Rena Ronson represents North American rights.

K5’s deal came together from its own funding plus investments from Kevin Frakes’ PalmStar Media Capital and Eric Fischer’s EFish Entertainment.

Founded in 2004 by Kevin Frakes and Stephan Paternot, PalmStar Entertainment (www.palmstar.com), is focused on developing literary driven properties and true stories, and has over a dozen projects in development including two Bret Easton Ellis projects, “Golden Suicides” which is being developed in conjunction with Gus Van Sant (Good Will Hunting, Milk), as well as “Lunar Park.” which they will be producing alongside with Oliver Simon and Daniel Baur through K5 Film. Earlier this year PalmStar also hired William Morris Endeavor Entertainment Global to represent the company and its films for packaging. This effort is spear headed by Graham Taylor, who said of his relationship to PalmStar “I think Kevin and Stephan have demonstrated excellent taste in material that speaks to today’s generation, and which I know we can really capitalize on. We believe that K5 is the new powerhouse out of Europe combining production and world sales. I think the partnership of Palmstar with K5 International and K5 Film is a great combination.”

Oliver Simon, Daniel Baur and Bill Stephens established K5 International a sales, distribution and financing company in January 2007 with offices in Germany and the UK. Bill handles sales and marketing from London, Oliver and Daniel oversee development, financing and production from Munich. K5 International’s first break out hit was “The Visitor” produced by Michael London and Participant Productions where Richard Jenkins was nominated for best actor for the Academy Awards in 2009. K5 International is uniquely positioned in being able to offer co-productions through its sister company K5 Film, offering producers a wide range of financing, production and international sales opportunities. With a resolute strategy of quality over quantity, K5 International seeks to represent 5 to 6 feature films per year with budgets up to $30 million. K5 Film was established in 2001 by Oliver Simon. In January 2006 Daniel Baur joined the company as his partner in all respects. K5 Film also has offices in Berlin and Cologne.

Based on a true story, the project revolves around the world’s most famous art detective, Charley Hill, who was tasked by Scotland Yard to investigate the 1994 theft of Edvard Munch’s world-renowned painting The Scream from the National Gallery in Olso. Dolnick won the 2006 Edgar Award in the Best Crime Fact category.

PalmStar’s CEO Kevin Frakes is producing with Blumhouse’s President Jason Blum and indie producer Beth O’Neil. Peggy Taylor, a co-owner of PalmStar, will Executive Produce. The project was brought to PalmStar by their Head of Development & Production Courtney Andrialis, who will serve in some producing capacity. Blumhouse is currently in production on the Fox comedy “The Tooth Fairy”, directed by Michael Lembeck, starring Dwayne Johnson, Ashley Judd, and Billy Crystal.

PalmStar is currently in post-production on Emily Young’s “Veronika Decides to Die”, an adaptation of the best-selling novel by Paulo Coelho, starring Sarah Michelle Gellar, David Thewlis and Melissa Leo. Focused on developing literary driven properties and true stories, PalmStar’s slate includes feature adaptations of Bret Easton Ellis’ “Lunar Park”, Peter Biskind’s “Down & Dirty Pictures”, and an original screenplay for Brad Anderson to direct.

“We’re thrilled to have Courtney and Jonathan join our team,” said Kevin Frakes, CEO and co-founder. “We are confident they will be a tremendous asset to our company as we gear up for continuous film productions in the upcoming months.”

Courtney Andrialis worked in development and production at New York based companies HDNet Films and Open City, both founded and run by producers Jason Kliot and Joana Vicente. Co-founded by Todd Wagner and Mark Cuban, HDNet was the first all HD production shingle in the US. Under that banner, Andrialis served as a creative executive on numerous films including Zoe Cassavetes’ “Broken English” starring Parker Posey, Drea DeMatteo, Gena Rowlands, Brian DePalma’s Iraq drama “Redacted”, and Alex Gibney’s upcoming documentary “Hunter Thompson”. At Open City, Andrialis helped run development for Deutsch/Open City Films, where advertising mogul Donny Deutsch was a partner, served as creative executive on Joby Harold’s “Awake” starring Jessica Alba, Hayden Christiansen, Terrence Howard, soon to be released by The Weinstein Company, and was instrumental in the development of the upcoming “Infinite Jest” to be directed by Sam Jones, and Nicole Holofcener’s “Me, Too.” Andrialis has a BFA in Film and Television Production from Tisch School of the Arts, NYU.

Jonathan Shukat was the set assistant to GreeneStreet Films producers John Penotti and Fisher Stevens on their films “Awake” starring Jessica Alba, Terrance Howard and director Michael Ian Black’s “Wedding Daze” starring Jason Biggs and Isla Fisher. Jonathan also assisted at GreeneStreet in development, foreign sales and investor relations. Shukat directed and produced the documentary short, “Only Seconds Left”, which was accepted out of competition to the 2005 Cannes Film Festival. He also co-wrote and produced the short, “Something of Value”, that is currently being submitted to film festivals. Shukat attended Columbia University.

PalmStar Entertainment is an independent film company based in New York and Los Angeles, founded in 2004 by Kevin Frakes. PalmStar is focused on developing literary driven properties and raises independent production financing for its smaller budgeted films. PalmStar is in pre-production for the feature film adaptation of Paolo Coelho’s Veronika Decides to Die starring Kate Bosworth, directed by BAFTA award-winning Emily Young from a script by Larry Gross (“We Don’t Live Here Anymore”) and Roberta Hanley. PalmStar is developing a feature film adaptation of Peter Biskind’s Down and Dirty Pictures: Miramax, Sundance, and the Rise of Independent Film into a feature length comedy. Ken Bowser (”Easy Riders, Raging Bulls”) is attached to direct. Additionally, PalmStar optioned and is developing Bret Easton Ellis’ International bestseller Lunar Park and recently sold and distributed its first two features, “Fifty Pills” and “Premium”. For more information, please visit http://www.palmstar.com

LOS ANGELES, CA (May 2nd, 2007) PalmStar Entertainment expands to the East Coast with S2 Entertainment, a new development and casting office in New York City (36 East 20th Street, 3rd Fl, NYC 10003). S2 Entertainment co-founders Sig De Miguel and Stephen Vincent will head the new PalmStar branch and will report to PalmStar’s co-founder Kevin Frakes.

S2 Entertainment will concentrate on developing new projects for PalmStar and will also serve as the in-house casting for all their feature film projects. Sig De Miguel and Stephen Vincent formed S2 Entertainment in January 2006 with the mission to cast and produce high quality independent films. Over the past year, the duo has served as casting directors on eight independent films including “The Narrows” starring Kevin Zegers, Vincent D’Onofrio and Sophia Bush, produced by Leslie Urdang (“The Great New Wonderful”, “A Midsummer’s Night Dream”); “The Ministers” starring John Leguizamo and Harvey Keitel, directed by Franc. Reyes; “The Passage” starring Stephen Dorff, produced by Lynette Howell (“Half Nelson”) and the upcoming Universal Pictures release, “Illegal Tender” directed by Franc. Reyes and produced by John Singleton.

Sig De Miguel of S2 Entertainment worked alongside Amanda Mackey and Cathy Sandrich Gelfond for six years where they cast such feature films as the award winning, critically acclaimed “United 93” directed by Paul Greengrass; “The Good Shepherd”, Robert De Niro’s epic film starring Matt Damon and Angelina Jolie, “The Lost City” starring and directed by Andy Garcia; “The Cooler” starring William H. Macy, Alec Baldwin and Maria Bello; “A Love Song For Bobby Long” starring John Travolta and Scarlett Johansson; “The Matador” starring Pierce Brosnan, Greg Kinnear and Hope Davis; “The Man” starring Samuel L. Jackson and “P.S.” starring Laura Linney and Topher Grace among others. With Mackey Sandrich he also cast the upcoming releases “Chapter 27” starring Jared Leto and Lindsay Lohan; “Fierce People” starring Diane Lane and Donald Sutherland and “Brooklyn Rules” starring Alec Baldwin and Freddie Prinze Jr. Sig’s other recently completed films include “Where God Left His Shoes” starring John Leguizamo and Leonor Varela, “A Crime” starring Harvey Keitel and Emmanuelle Beart and “Premium” starring Zoe Saldana and Dorian Missick.

Stephen Vincent of S2 Entertainment is a casting director who, prior to teaming with Sig, served as casting associate under Bonnie Timmermann. Over six years, he worked on movies such as “Black Hawk Down”, directed by Ridley Scott; “Spy Game” with Brad Pitt and Robert Redford; “Pearl Harbor” with Ben Affleck and Josh Hartnett; “Coyote Ugly”; “The Insider” with Al Pacino and Russell Crowe, and “Armageddon”. He has cast independent films such as “Once in the Life” directed by Laurence Fishburne; “London” starring Jessica Biel and Jason Statham and a film version of the off-Broadway play, “Bug”, starring Ashley Judd and being directed by William Friedkin. Stephen also served as director of development under Ms. Timmermann who recently produced “Fur: An Imaginary Portrait of Diane Arbus”, starring Nicole Kidman and Robert Downey Jr., “London”; the upcoming film “Georgia Rule” starring Lindsay Lohan, Felicity Huffman and Jane Fonda and “The Rule of Nines” starring Terrence Howard and to be directed by Bobby Moresco, co-writer of “Crash”.

PalmStar Entertainment is an independent film company based in New York and Los Angeles, founded in 2004 by Kevin Frakes. PalmStar is focused on developing literary driven properties and raises independent production financing for its smaller budgeted films. PalmStar is developing a feature film adaptation of Peter Biskind’s Down and Dirty Pictures: Miramax, Sundance, and the Rise of Independent Film into a feature length comedy. Ken Bowser (”Easy Riders, Raging Bulls”) is attached to direct. Additionally, PalmStar optioned and is developing Bret Easton Ellis’ International bestseller Lunar Park and recently sold and distributed its first two features, “Fifty Pills” and “Premium”. For more information, please visit http://www.palmstar.com/.