03/28/2012 08:25 am ET Updated Jul 29, 2013

'The Master' Release Date: Paul Thomas Anderson's New Film Arrives On Oct. 12

The 2012 Oscar season just got a little bit more Philip Seymour Hoffman. The three-time nominee -- who won Best Actor in 2006 for his performance as Truman Capote in "Capote" -- will probably have a great chance at a fourth, should Paul Thomas Anderson's highly anticipated new film "The Master" deliver on its hype. According to Box Office Mojo, The Weinstein Company has slated "The Master" for an Oct. 12 bow.

This jibes with what producer Megan Ellison said recently on Twitter. The 26-year-old producer -- and daughter of billionaire Larry Ellison -- tweeted earlier this month that Anderson fans should keep their "eyes" on October.

"The Master" is PTA's first film since "There Will Be Blood" in 2007, which earned star Daniel Day-Lewis his second Best Actor trophy and Anderson his first Best Director nomination. In development for years, "The Master" was originally thought to be Anderson's treatise on Scientology and its founder, L. Ron Hubbard. That angle has been downplayed in the last year, but the story still sounds familiar: in the 1950s, a religious maverick (Hoffman) sees his organization gain a foothold in America. Joaquin Phoenix plays Hoffman's young cohort, while Amy Adams and Laura Dern provide onscreen support. As with "There Will Be Blood," Radiohead's Jonny Greenwood penned the score.

With this reported Oct. 12 release date, you can now begin speculating on which fall film festival will debut "The Master." Possibilities include Toronto, Telluride or New York. Sorry, Cannes!

[Box Office Mojo via The Playlist]