Matt Damon and Gus Van Sant will bring ‘Promised Land’ to the Oscar race this year!

There was bound to be at least one late entry to the Oscar race this year. The recent speculation surrounded ‘Hitchcock’ making a last minute play, as well as ‘Out of the Furnace’, but it seems that both are sticking with 2013…for now at least. One film coming out in 2012 however, is Gus Van Sant’s ‘Promised Land’, co-written and starring the duo of Matt Damon and John Krasinski. The Playlist is reporting here (Deadline had it originally but I refuse to link to their site after a number of recent Nikki Finke antics, but I’m hardly the only one) that Focus Features is making an awards play for this flick with an Oscar qualifying run on December 28th. After the jump you can see what the movie is about, but I think we could have a real contender on our hands. Read on below for more…

Here’s what The Playlist writes the film is about:

The film, which was already teased as being a possible 2012 release, has now been officially slated for December 28th limited release by Focus Features, with an expansion in the new year. Co-written and co-starring Matt Damon and John Krasinski with a supporting ensemble that includes Frances McDormand, Hal Holbrook, Rosemarie Dewitt, Scoot McNairy and Titus Welliver, the film follows Steve Butler, a corporate salesman who arrives in a rural town with his sales partner, Sue Thomason (McDormand). With the town having been hit hard by economic decline in recent years, the two outsiders see the local citizens as likely to accept their company’s offer for drilling rights to their properties, as much-needed relief. What seems like an easy job for the duo becomes complicated by the objection of a respected schoolteacher (Holbrook) with support from a grassroots campaign led by another man (Krasinski) who counters Steve both personally and professionally.

Thoughts? Discuss in the comments!