'By The Sea' is written by the 39-year-old actress, who will also helm the ambitious project. This will be the couple's second film after their 2005 hit 'Mr & Mrs Smith', said The Hollywood Reporter.
The Malta Independent said that set construction is well under way with one structure on the beach nearing completion. The filming will run at Malta till November 10 this year.
Universal picked up the worldwide rights to the film.
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