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It's amazing what one little Academy Award win can do - just as Jim Rash and Nat Faxon. After winning the award for Best Adapted Screenplay along with Alexander Payne in 2011 for their first feature script The Descendants, the writing duo immediately got to work on their next effort, The Way, Way Back (which they also directed and premiered at the Sundance Film Festival last month) and today we learn that they've already started developing their third.
According to Variety, Rash and Faxon are now working with Fox Searchlight on an untitled pitch that they will script and possibly make as their second directorial effort. The project has apparently been in the works for quite a while now, as the deal between the writers and the studio was reportedly "negotiated several months ago," and the first draft has already been submitted. For now plot details are slim, though the trade says that the movie will be about a dysfunctional family.
Last month Fox Searchlight made headlines by picking up The Way, Way Back for distribution, as it was one of the most expensive deals made during the Park City fest. The studio hasn't yet set a release date for the film - which stars Steve Carrell, Toni Collette, Sam Rockwell and Liam James =- though it is expected to come out later this year.
Rash also wrote an upcoming episode in the fourth season of the NBC comedy Community, which will be having its season premiere next Thursday. The duo is also currently working on an untitled action movie starring Kristen Wiig.