Owen will play a college professor whose career is not going well. He is disappointed with his students until he meets a talented writing student.
The film is a "psychological roller coaster ride between sex, seduction and emotional manipulation," a synopsis of the film said.
"Nip/Tuck" showrunner Levine also wrote the script, Variety reported Friday.
Jordana Brewster on Paul Walker: 'He was an enormous presence in my life'
Benedict Cumberbatch's dramatic reading of R. Kelly lyrics is just what you need