Snitchseeker are reporting today that Emma Watson is scheduled to star in Sofia Coppola's upcoming film; according to a new Variety article. The movie is called the Bling Ring and a short plot synopsis was posted by the leading Potter site;
"THE BLING RING shows a group of teenagers obsessed with fashion and fame who burglarized the homes of celebrities in Los Angeles. Tracking their targets’ whereabouts online, the teens would break-in and steal designer clothes and possessions. Reflecting on the naiveté of youth, amplified by today’s culture of celebrity and luxury brand obsession, the members of the Bling Ring introduce us to temptations that nearly any teenager would find hard to resist. What starts out as youthful fun spins out of control and reveals a sobering view of our modern culture."
There is, however, no link to the Variety article.