Reese is the ultimate supermom. She is totally hands-on with her kids, runs her own production company, is involved in charities and still finds time to relax and hang out with her hot husband. She just received the good news that her latest project, Penelope has gotten picked up by IFC Films and will hit theaters in 2007. Here's more:
The project was produced by Witherspoon and Jennifer Simpson's Type A Films, and Stone Village Pictures. "Reese has a real knack for producing, from working on a script to hiring technical workers to even suggesting shots to the director," said Stone Village principal Scott Steindorff.
He wouldn't disclose details of the deal but said it includes a big prints and advertising commitment. A source close to the negotiations placed the overall deal at more than $10 million.