Buscemi, Tucci Team For Production Company

Stage vets and native New Yorkers Steve Buscemi, and Stanley Tucci are starting a film, TV and commercial production outfit. The Observer‘s Andrew Sarris included Mr. Buscemi’s Interview in his favorite films of the year list and considers himsomething of a movie legend for his almost total lack of narcissism.” The project, called Olive Productions, already has a number of works in development, including Unto the Sons, an adaptation for HBO of Gay Talese’s bestselling nonfiction book about the mob, according to Variety.

Olive Prods. wants to develop pics with budgets from $3 million to $12 million, using private equity financing. Buscemi and Tucci plan to produce, write, direct and cultivate talent for the banner.

Wren Arthur, who worked for Robert Altman for 11 years, will run the company.

Tucci stars in “What Just Happened,” which will be unspooling at Sundance, as will “Blind Date,” which he directed and co-wrote. He’ll also appear in Peter Jackson’s “The Lovely Bones.”