The acclaimed director is in negotiations with Working Title and Universal.
The festival will present two-time Tony-winning actor Robert Morse with a Lifetime Achievement Award
Dori Berinstein's film explores the life of the PEGOT-winning composer.
The British actress will be presented with the fellowship on February 16.
The Harry Potter star will reprise his performance in Martin McDonagh's The Cripple of Inishmaan in April.
The Golden Globe Award-winning Disney musical has some Great White plans.
The August: Osage County stars fail to deliver any wins for the Weston family.
Stars Meryl Streep and Julia Roberts did, however, receive nominations from the Hollywood Foreign Press.