Neon has set its next collaboration with filmmaker Osgood Perkins. The studio will release The Young People in US theatres, with Lola Tung and Nico Parker leading the cast. Production is slated to kick off this fall in Vancouver.

Perkins will direct the film from his own script, marking the first project under his new first-look deal with Neon. As part of the pact, Perkins launched a banner called Phobos with producer Chris Ferguson. Together, they will not only develop Perkins’ own films but also produce projects from other filmmakers for Neon.

Tung, best known for her role in The Summer I Turned Pretty, recently wrapped Meredith Alloway’s horror feature Forbidden Fruits. Parker’s recent credits include Universal’s live-action remake of How To Train Your Dragon, Maude Apatow’s directorial debut Poetic License, and HBO’s acclaimed series The Last of Us.

Neon is co-financing The Young People alongside Lyrical Media. Perkins will produce with Ferguson and Brian Kavanaugh-Jones.

This new feature deepens Perkins’ ongoing relationship with Neon, which began with 2024’s breakout indie Longlegs, a domestic box office hit grossing $75 million. They also partnered on The Monkey and are preparing for the release of Perkins’ upcoming film Keeper on November 14.