Jake Gyllenhaal to Star in Heist Movie "Cut and Run"

American actor Jake Gyllenhaal is set to star in the heist thriller movie “Cut and Run”.

New Republic Pictures won rights to the spec script, written by John Glenn, after a bidding war with several potential buyers.

Gyllenhaal is also set to produce the movie through his company Nine Stories Productions. New Republic founder Brian Oliver and president Bradley Fischer will also produce alongside Glenn.

“Cut and Run” centered around a group of thieves who use high-powered speed boats to rob super-yachts. Things take a turn when they steal a valuable thing from the wrong people.

New Republic recently signed a first-look deal with Gyllenhaal’s Nine Stories and plans to partner on “Oblivion Song,” a feature movie adaptation of Robert Kirkman and Lorenzo De Felici’s graphic novel.

The "Spider-Man: No Way Home" actor and the New Republic have also collaborated on Michael Bay’s “Ambulance”, which Universal Pictures has scheduled to release in theaters on April 8.