James Killough wrote and will direct the film slated to begin shooting in the spring. Cumming also produces with Killough and AV Pictures.
The film is "described as a riff on the Mad Hatter's tea party scene from 'Alice in Wonderland,'" according to the trade paper. It centers on a "hedonistic fashion designer [Cumming] and a journalist [Romijn] who knows the secret of his shady past."
The stars previously teamed in the "X-Men" sequel film "X2." Romijn, currently a regular on "Ugly Betty," has also been seen in "Lies & Alibis," "The Punisher" and television's "Pepper Dennis" and "Just Shoot Me."
Cumming, who won his Tony as the Emcee in the Broadway revival of Cabaret, stars in the role of Mack the Knife. The Scottish thespian has starred on stage in Design for Living and in his theatre company Art Party's inaugural production, Elle. He has also appeared on film in Circle of Friends," "Plunkett & Macleane," "Titus," "Nicholas Nickleby" and "The Anniversary Party" — which he wrote and directed with Jennifer Jason Leigh — as well as in television's "Annie," "God, The Devil and Bob," "The Goodbye Girl" and the TV movie version of the musical Reefer Madness.
The actor next appears Dec. 2 in the Sci-Fi Channel's "The Wonderful Wizard of Oz"-inspired original series "Tin Man." Cumming will play the half-brained Glitch opposite Zooey Deschanel's Kansas native DG and Richard Dreyfuss' Oz-like Mystic Man.