Terry Gilliam's next movie is apparently a semifictional biopic about Philip K. Dick.
Terry Gilliam's next film now looks set to be The Owl In Daylight (not to be confused with Owl Stretching Time), blending a biopic of Phillip K. Dick with an adaptation of his last, unfinished work. And unlike competing Dick film Panasonic, this one seems ready to throw plenty of Valis into the mix.
The script is being written by Tony Grisoni and Gilliam, and Electric Shepherd Productions are expected to produce. Currently, it looks like Paul Giamatti will play PKD - this bit is old news and is cropping online in all manner of places.
. See also at McSweeney's: Philip K. Dick's Lost Submissions to Better Homes and Gardens.