Bradley Cooper Playing Movie Mogul, Cannabis Mega-Investor & Streisand Ex In New Film

There has been a lot of speculation around Bradley Cooper’s upcoming movie which is set in L.A’s San Fernando Valley in the 1970s.

After Page Six ran photos of the A Star Is Born actor wearing era-appropriate clothing and wig, while filming Paul Thomas Anderson’s yet untitled film in Los Angeles - Hollywood sources are speculating that he is playing the mega-producer Jon Peters in the upcoming movie, or a character that is based on the cannabis mega-investor.

Details of the movie are being kept under wraps, but the film centers around a high school student who’s an actor. Images coming out from the set show Cooper sporting white bell-bottoms along with an unbuttoned white shirt with a silver necklace.

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The outlet also reported that an old image of Peters with his ex, singer Barbra Streisand, shows the producer wearing the same outfit, not to mention the same shaggy hairstyle and beard.

Peter worked as a famous hairdresser in Hollywood and then became a mega producer with several hit films including the 1976 version of A Star Is Born, Rain Man, Tango & Cash and others. He also had a credit on Cooper's A Star Is Born remake.

He was also recently married to Baywatch bombshell Pamela Anderson for a brief period.

Peters has also invested $10 million in Neptune Wellness Solutions, Inc., a health-based consumer products company that creates high-quality, environmentally friendly, and natural alternative products.

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The budget for the film, which has hit $40 million, was a concern for Focus Features which gave it up for budgetary reasons. Then MGM took over production. Director Thomas Anderson’s latest movie There Will Be Blood grossed $40 million domestically.

Cooper’s life is very busy at the moment between work and his blossoming relationship with actress Jennifer Garner. The two were seen enjoying each other’s company recently on a Malibu beach. They were accompanied by Cooper’s three-year-old daughter, Lea De Seine Shayk Cooper.

The pair were spotted just hours before the news broke that the 48-year-old actress split with her boyfriend John Miller.