
Depp will produce with Graham King, who acquired rights to Thompson's novel for his GK Films shingle and Depp's Infinitum Nihil.
Bruce "Withnail and I" Robinson will write/direct the adaptation for Film Engine.
Depp will play 'Paul Kemp', a freelance journalist in 1950s Puerto Rico.
Thompson was 22 when he wrote the autobiographical novel in 1959, but did not publish it until 1998.