Peter O'Toole is in final negotiations to star in the biopic, The Christmas Cottage for Lionsgate.

Michael Campus will direct the film based on the Thomas Kinkade painting. The Hollywood Reporter says it's to be partly biographical and based on events that led American painter Kinkade to become an artist. O'Toole will play a painter Glen Weissler, based on one of Kinkade's mentors.

Production on The Christmas Cottage is scheduled to begin this month in Vancouver and Whistler; a holiday release is planned.

Thomas Kinkade's Home for Christmas was released November 11th, 2008 and stars Jared Padalecki, Marcia Gay Harden, Peter O'Toole, Aaron Ashmore, Richard Burgi, Geoffrey Lewis, Chris Elliott, Richard Moll. The film is directed by Michael Campus.