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The man who gave us 'The Last Picture Show' is welcoming the new millennium.

The Hollywood Reporter brings news that Peter Bogdanovich will direct the film adaptation of Kurt Andersen's 1999 debut novel, 'Turn of the Century.' Bogdanovich and his writing partner Parish Rahbar will pen the screenplay for Das Films, a production company founded in 2007 with a development slate of 19 projects based on best-sellers. The man who gave us 'The Last Picture Show' is welcoming the new millennium.

The Hollywood Reporter brings news that Peter Bogdanovich will direct the film adaptation of Kurt Andersen's 1999 debut novel, 'Turn of the Century.' Bogdanovich and his writing partner Parish Rahbar will pen the screenplay for Das Films, a production company founded in 2007 with a development slate of 19 projects based on best-sellers.

'Turn of the Century' opens in early 2000 and follows the MacTiers, a Manhattan power couple with three children struggling to manage their troubled marriage. The book takes place in a bizarro future world, where the husband works for the sinister MBC network and produces a documentary series, in which actors participate in real-life drug busts. 'Turn of the Century' has often been compared to Tom Wolfe's 'The Bonfire of the Vanities' with its scathingly funny portrait of upper-middle class society.

Peter Bogdanovich's other credits include 'Mask,' 'The Thing Called Love,' 'The Cat's Meow' and the recent documentary, 'Tom Petty and the Heartbreakers: Runnin' Down a Dream.'