Perhaps seeing that as a new formula for success, the Coens will next adapt Pulitzer Prize winner Michael Chabon for the film version of The Yiddish Policeman's Union.
Chabon (Wonder Boys) is just short of a miracle worker in writer's clothing, and while I'm surprised some of Chabon's earlier books (*cough* Kavalier and Clay) haven't yet made it to the screen, anything is progress, and being handed the Coens is certainly about as good as you could as from a major studio.
Variety reports that Columbia owns the rights to the book, which revolves around Jewish settlers are about to be bounced out of their homes in Sitka, Alaska by the U.S. government, which has decided it belongs to the indigenous peoples. Then it gets weird, and Coen-y: "Against this backdrop is a noir-style murder mystery in which a rogue cop investigates the killing of a heroin-addicted chess prodigy who might be the messiah."
No production or release date is set, but what a proposition this must be for the Coens: A great source, confidence from a big studio, and - one suspects - time and control over the finished product. It's good to be the king(s).