See, when you're an actor who's in the midst of a hot streak, I would think it might be bad karma to star in a film that has you portraying a fading Hollywood star. However, when you have the 007 card in your back pocket, I guess you don't have to worry about karma anytime soon. Variety reports that Daniel Craig will star in Flashbacks of a Fool, which starts shooting later this month in South Africa and London. Music video helmer Baillie Walsh will make his feature directorial debut on the film off a script from which he also wrote. Craig will exec produce, with Lene Bausager and Damon Bryant producing.

In the film, Craig will play a "hedonistic British actor" whose Hollywood career is tanking now that the guy has entered his 40s. When his childhood best friend dies, the actor returns home for the funeral and begins to flashback to a time in his life when a tragedy forced him to re-consider his future endeavors. Also starring in the film are Helen McCrory, Olivia Williams, Emilia Fox and ... Eve. Yeah, see if you can spot the odd one of the group. I normally loathe films whose stories are told primarily through flashbacks; I've always felt it was one of the laziest forms of storytelling (apart from the ever-so-annoying phone conversation). Here though it appears as if these flashbacks are crucial; I mean, the film is called Flashbacks of a Fool -- it would probably look a bit weird if there were no flashbacks. So I guess we'll see. In the meantime, Craig has been busy lining up a number of gigs to take on in between Bond projects. With both The Invasion and The Golden Compass in post production, he also has I, Lucifer, Defiance and Blindness on the horizon.