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The Julie and Julia actress will star in City of God director Fernando Meirelles's film.
The film's producer Wyck Godfret told Fearnet that he is at work on several films including "a Fernando Meirelles Janis Joplin movie with Amy Adams playing Janis Joplin".
Meirelles was previously confirmed to direct the biopic but an actress had not been named to play the singer.
Joplin died from a drug overdose in 1970.
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