Earlier this year, rumors began swirling that Paul Thomas Anderson and Daniel Day-Lewis were eyeing their first collaboration since 2007’s “There Will Be Blood,” and now the project is official as Focus Features has won a tense bidding war for worldwide distribution rights. Deadline reports the company was in battle with Fox Searchlight for rights to the drama, which Anderson is looking to make on a $35 million budget. The picture, which is set in the 1950s London fashion scene, will go into production early next year. Focus is targeting a late 2017 release date.