Morgan Creek boarding Beatty's Hughes pic

Beatty Morgan Creek is closing in on the deal to co-finance Warren Beatty's untitled Howard Hughes pic with New Regency.Vital had initially signed onto the project in June, but dropped it the 2009 week. New Regency swooped in and it has already began scouting because of its cast.While New Regency relies at twentieth century Fox, no decision has been manufactured a distrib.Pic would mark Beatty's go back to the screen following a 10-year hiatus. Thesp, who also authored and can produce and direct the untitled project, last made an appearance in "Town & Country" in 2001. Contact Rachel Abrams at Rachel.Abrams@variety.com