Blake Lively, Channing Tatum, And Jude Law To Star In Steven Soderbergh’s ‘The Side Effects’; Megan Ellison To Finance

This month’sHaywiremarks the first of two collaborations betweenSteven SoderberghandChanning Tatumwe’ll be seeing this year, the other one being this summer’sMagic Mike, and it seems we’ll have another to look forward to next year as well. Aftertoyingwith the idea of teaming up for Warner Bros.‘The Man From U.N.C.L.E.before Soderberghpulled out, the pair may now be gearing up to reunite onThe Side Effects, previously titledBitter Pill.

Also joining Tatum in the cast will beBlake LivelyandJude Law, the latter of whom recently worked with Soderbergh onContagion. More details after the jump.

Although Summit looked like thelikely homefor the project last month,The Playlistnow reports that the studio has dropped out andMegan Ellison’s Annapurna Pictures will be financing the film instead. Like the actors, Ellison hasn’t signed quite yet but is expected to finalize her deal shortly. Ellison’s only been in the producing game for a few years, but already has some impressive credits under her belt, includingTrue Gritand the upcomingCogan’s Trade,The Wettest County,The Master, Kathryn Bigelow’s Osama bin Laden thriller, and the Tatum-starringFoxcatcher.

I can’t say Tatum’s really impressed me in anything I’ve seen so far, although I’ve heard good things about his performance inA Guide to Recognizing Your Saints. But I’ll have plenty of opportunities to change my tune this year, since in addition to Soderbergh’sHaywireandMagic Mike, Tatum also hasThe Vow,21 Jump Street, andG.I. Joe: Retaliationcoming up. I like Lively even less — yes, I’ve seenThe Town, and no, I didn’t think she was anything special in it — but between this and Oliver Stone’sSavages, she does seem to be landing some interesting roles. Law is currently starring inSherlock Holmes: A Game of Shadows, and is filming Joe Wright’sAnna Karenina.

As for Soderbergh, whether or not he’s really retiring (or just going on a sabbatical) in the near future, what’s certain is that he’s very busy now. He’s currently putting the finishing touches on June’sMagic Mike, and is scheduled to begin shootingThe Side Effectsin April — after which point he’ll move into theLiberace biopicBehind the Candelabra.

The Side Effectsis aiming for a 2013 release.