Craig gives in to "Flashbacks"

Daniel Craig poses during a photocall for U.S. director Chris Weitz's film ''The Golden Compass'' at the 60th Cannes Film Festival May 21, 2007.

CANNES, France (Hollywood Reporter) - Daniel Craig, the latest incarnation of James Bond, is temporarily laying down his Walther PPK to play a fading Hollywood star in Baillie Walsh's "Flashbacks of a Fool."

Craig has joined Helen McCrory, Olivia Williams and Emilia Fox in the film, which details the story of a hedonistic British actor whose Hollywood career begins to nosedive in his 40s.

"Flashbacks" marks the writing and directing debut for Walsh, whose resume includes turns behind the camera on music videos.

Reuters/Hollywood Reporter