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Barbra Streisand to Direct Colin Firth, Cate Blanchett

MALIBU, CA - JUNE 04:  Actress Barbra Streisand attends Chanel's benefit dinner for the Natural Resources Defense Council's Ocean Initiative at the home of Ron & Kelly Meyer on June 4, 2011 in Malibu, California.  (Photo by David Livingston/Getty Images)

Barbra Streisand is still mulling a big-screen take on Gypsy, but in the meantime, Showbiz 411 reports that she's settled on her first foray into directing in sixteen years: Skinny and Cat, a romantic drama about writer Erskine Caldwell and photojournalist Margaret Bourke White, which will star Colin Firth and Cate Blanchett. Once upon a time, Streisand herself hoped to star in the story opposite Robert Redford, so let's hope Firth and CaBla make acceptable substitutes.

Photo: David Livingston/Getty Images