Emily Rome
May 02, 2013 AT 09:37 PM EDT

The long-in-development biopic Spinning Gold, about music producer Neil Bogart, has finally found a financier. Foresight Unlimited has come aboard the project to produce, finance, and handle worldwide sales.

Justin Timberlake is set to produce and also star as Bogart, a 1970s music industry icon who promoted the careers of such artists as KISS, Donna Summer, and the Village People before he died at age 39. His son, Timothy Scott Bogart, wrote the script for the biopic. Dreamgirls producer Laurence Mark, who earned an Oscar nomination for Jerry Maguire, will also produce.

Spinning Gold is about a larger than life man who achieved so much in his short life and helped define a generation,” Foresight CEO Mark Damon said in a statement. “The film is going to be a wild, music extravaganza that will light up the screen. I also have a personal interest in bringing Neil’s story to the screen, as I started my career working with Neil at Casablanca Records and Filmworks.”

Foresight Unlimited’s upcoming projects include 2 Guns, starring Mark Wahlberg and Denzel Washington, and Lone Survivor, starring Wahlberg, Taylor Kitsch, and Eric Bana.

Production on Spinning Gold will begin in early 2014.

Follow Emily on Twitter: @EmilyNRome

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Justin Timberlake will play music producer Neil Bogart in ‘Spinning Gold’

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