Ang Lee will next direct an adaptation of writer Elliot Tiber’s memior, Taking Woodstock: A True Story of a Riot, a Concert, and a Life for Focus Features, with the company’s co-president and longtime Lee collaborator, James Schamus, on board to write and produce. Like the book, Woodstock will not be the main focus of the adaptation; instead it will tell the tale of Tiber’s involvement in organizing the 1969 concert, his stay at his parents’ eccentric Catskills motel, encounters with personalities like Truman Capote and Mark Rothko and his struggles with being a closeted homosexual during that mythical Age of Aquarius.

The movie is described by Variety as a comedy, with a relatively low budget of $5-10 million. Information regarding the use of ’60s-centric music in the film is unavailable at this time. If you’re too young to know what Woodstock was, stay up late and search for that never-ending psychedelic CDs infomercial with Peter Fonda. Production is scheduled to go ahead before year’s end. Lee is also attached to direct the break-up dramedy A Little Game, but Woodstock will apparently go first. Jann Wenner and the other baby boomers at Rolling Stone can’t sit still imagining the possibilities right now.

Discuss: Was Woodstock the most important event in human history? Did anyone else participate in the riots at Woodstock ‘99? It was my first and only experience stealing water.