Redford will direct and star in the film alongside Shia LaBeouf, Nick Nolte, Brit Marling and Richard Jenkins.
Based on the novel of the same name by Neil Gordon, "The Company You Keep" is adapted for the screen by Lem Dobbs. The story center around an ex-Weather Underground militant wanted by the FBI for 30 years who must go on the run when his true identity is exposed by a young, ambitious reporter.
Redford stars as the man on the run, and LaBeouf plays the determined journalist. Sarandon and Christie play former Weather Underground members, and Jenkins plays a college professor who is a link to former radicals in hiding.
Redford, Bill Holderman and Nicolas Chartier are producing; Craig J. Flores is the executive producer. "The Company You Keep" is a co-production between Voltage Pictures and Wildwood Enterprises and begins production in Vancouver next month.
Redford has been seen on Broadway in Tall Story, The Highest Tree, Little Moon of Alban, Sunday in New York and Barefoot in the Park. Sarandon has appeared in Exit the King, and Christie has been seen in Uncle Vanya.