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Senator Entertainment has set Billy Bob Thornton and Kim Basinger for "The Informers," an ensemble drama based on short stories by Bret Easton Ellis.

Pic will star Brandon Routh ("Superman Returns"), Austin Nichols ("John From Cincinnati"), Ashley Olsen, Jon Foster and Lou Pucci ("Thumbsucker").

The drama is set over the course of a week in 1983, in the chillingly nihilistic world of Ellis' youth in Los Angeles. Seven storylines intersect, involving movie execs, rock stars, a vampire and other morally challenged characters. Gregor Jordan ("Buffalo Soldiers") is directing.

Production begins in October in L.A., Uruguay and Buenos Aires.

Senator's Marco Weber will produce and Vanessa Coifman is exec producer. Ellis wrote the script with Nicholas Jarecki, who's also exec producing.

While Ellis novels "American Psycho," "Less than Zero" and "The Rules of Attraction" have been turned into films, "The Informers" is the first one he had a hand in adapting. Jarecki just directed "The Outsider," a Showtime docu about indie director James Toback.