American Gigolo director Paul Schrader and American Psycho author Bret Easton Ellis are the creative force behind the drama, about an LA producer (porn star James Deen) who learns of his live-in girlfriend Tara's infidelity.
What are the critics saying about Lohan's much-discussed movie comeback? Digital Spy rounds up the latest reviews for The Canyons below...
Indiewire (Eric Kohn)
"So The Canyons is a bad movie about the world of bad movies, which might make it sound like the victim of its own vitriol. But it's nearly impossible to appreciate it even on those terms. Lohan's performance is certainly terrible, but her steady slide started long ago; The Canyons has nothing on the awesomely horrendous 2007 I Know Who Killed Me, a ultra-campy fusion of art house and crime movie tropes that fell apart in several directions at once."
Variety (Scott Foundas)
"Lohan [gives] one of those performances, like Marlon Brando's in Last Tango in Paris, that comes across as some uncanny conflagration of drama and autobiography. Lohan may not go as deep or as far as Brando, but with her puffy skin, gaudy hoop earrings and thick eye make-up, there's a little-girl-lost quality to the one-time Disney teen princess that's very affecting."
"The Canyons is not porn, but it has the demoralized second-rateness and the lowlife inanity of the porn world. What's at stake here? Likable characters are hardly a necessity in fiction - French literature and cinema would be nowhere without the vicious and the fallen - but these people are all too desperate to be of much interest.
"It's clear that none of them will accomplish anything out of the sack. Ellis and Schrader have given them few dimensions but sexual hunger, which certainly makes it easier to spin them through a roundelay of meetings and betrayals."
The Hollywood Reporter (Todd McCarthy)
"The undimensional and unambitious character conceptions offer very little for the actors to work with; they have no humour, no worthwhile insights, no detectable, relatable humanity. Nor are there significant dramatic opportunities to test either Lohan, who comes off okay but unexceptionally, certainly compared to some of her earlier roles, or the less familiar names."
Screen Daily (John Hazelton)
"Harnessing the unpredictable talents of director Paul Schrader, writer Bret Easton Ellis and star Lindsay Lohan, The Canyons turns out, after much Internet chatter, to be a fitfully intriguing but ultimately aimless psychosexual thriller about pretty young things behaving badly in Hollywood.
"Lohan's participation and a handful of kinky sex scenes are sure to get the film noticed, but there may not be enough style or substance here to keep audience interest going for long."
The Canyons will open in US cinemas and via VOD on August 2.