The film will focus on the relationship between two very different women in 1950s New York. One is a rich housewife, who is desperate to leave her marriage, but doesn't want to destroy her family in the process. The other is a twentysomething woman who works in a department store.
Highsmith's novel--which was released in the heyday of lesbian pulp novels--was extremely progressive at the time. That excellent source material coupled with the talents of Blanchett and Wasikowska is certain to make a great film.
The Weinstein Company has already acquired the U.S. rights.