LOS ANGELES - Universal Pictures said it has acquired worldwide rights to Angelina Jolie’s next film project, ‘By the Sea,’ written and to be directed by the actress who will also co-star and co-produce the drama with partner Brad Pitt.

It will be Jolie’s third directing effort, after Bosnian war drama ‘In the Land of Blood and Honey,’ and ‘Unbroken,’ the story of Olympic runner and war hero Louis Zamperini, another Universal film that opens in December. ‘Angelina continues to showcase her extraordinary storytelling abilities in front of and behind the camera and we are thrilled to extend our relationship with her on ‘By the Sea’,’ Universal Pictures Chairwoman Donna Langley said in a statement.

The Hollywood power couple known as ‘Brangelina’ last co-starred in 2005’s ‘Mr and Mrs Smith,’ which sparked their relationship. They are raising six children. Universal called ‘By the Sea’ a character-driven drama, but gave no further details. ‘I am very happy to continue my relationship with Donna and the entire Universal team as I finish ‘Unbroken’ and begin work on ‘By the Sea’,’ Jolie said in a statement.

‘They have created a very special place for storytellers, and I look forward to the continued passion and support they have provided to me as a filmmaker.’ Universal is a division of NBCUniversal, which is owned by Comcast Corp.  Angelina Jolie will direct Brad Pitt in the upcoming character drama By the Sea.

Jolie is expected to star with Pitt in the Universal film, which she has also written. The filmmaker-actress said in a statement: ‘I am very happy to continue my relationship with Donna Langley and the entire Universal team as I finish [my current film] Unbroken and begin work on By the Sea.

‘They have created a very special place for storytellers, and I look forward to the continued passion and support they have provided to me as a filmmaker.’ By the Sea will reunite Jolie and Pitt on the big screen for the first time since 2005’s Mr and Mrs Smith.Jolie has worked frequently behind the camera in recent years, having found acclaim for 2011’s In the Land of Blood and Honey.

Her next directorial project is Unbroken, which opens on Christmas Day in the US and on Boxing Day in the UK. Unbroken is a war drama about late Olympic athlete Louis Zamperini’s two years in a Japanese prison camp. Pitt and Jolie are approaching their tenth anniversary as a couple. They got engaged in April 2012.

Jolie is currently in post-production on Unbroken, an epic drama directed and produced by Jolie based on the true story of Olympian and war hero Louis Zamperini. Universal will release that film on Christmas Day. Jolie praised Universal ‘as I finish Unbroken and begin work on By The Sea.’ ‘They have created a very special place for storytellers,’ said Jolie in the release. ‘I look forward to the continued passion and support they have provided to me as a filmmaker.’

Universal chairman Donna Langley echoed the praise for Jolie. ‘Angelina continues to showcase her extraordinary storytelling abilities in front of and behind the camera and we are thrilled to extend our relationship with her on By the Sea,’ said Langley. ‘Angelina and Brad represent two of Hollywood’s brightest talents and we are excited to be a part of their collaboration on this powerful piece.’