"Gold" will follow the athletes through boyhood as they dueled in the 800- and 1,500-meter races as juniors and then became world-class competitors. At the 1980 Moscow Olympics, Ovett won the 800 and Coe took the longer race.
An Embankment Films executive described "Gold" as "a movie about an insatiable need to win, fueled by intense ambition, only possible through the support of loving family."
Coe eventually became a member of Parliament and a key executive for the 2012 London Olympics. Ovett, beset by respiratory ailments, retired to Australia.
Their story is based on a book, "The Perfect Distance," by journalist Pat Butcher and has some big names behind the script -- Oscar-winning Simon Beaufoy of