MGM and United Artists Releasing have released the trailer for “Licorice Pizza”, the first film from Oscar-nominated writer-director Paul Thomas Anderson’s since 2017’s “Phantom Thread”.

Set in 1973 in the same locale as Anderson’s “Boogie Nights”, “Magnolia”, and “Punch Drunk Love”, the new pic stars Alana Haim from the all-sister rock band Haim and Philip Seymour Hoffman’s son Cooper Hoffman as Alana Kane and Gary Valentine, who are growing up, running around and falling in love in the Los Angeles suburb.

Sean Penn, Tom Waits, Bradley Cooper, and Benny Safdie also star in the pic, which is produced by Sara Murphy, Anderson, and Adam Somner and executive produced by Joanne Sellar, Daniel Lupi, Susan McNamara, Aaron L. Gilbert, and Jason Cloth.

Now the first trailer has been released online, which can be seen below:

A nostalgic reference for teens in the 1970s, Licorice Pizza was a beloved chain of record stores in Southern California that offered free licorice, comfy couches, and racks of music magazines along with all the top albums.

Originally, Leonardo DiCaprio was offered the Bradley Cooper role of Jon Peters in “Licorice Pizza” (2021) but at the same time, DiCaprio was also offered the lead role of Stanton ‘Stan’ Carlisle in “Nightmare Alley” (2021) from Guillermo del Toro.

DiCaprio chose to do del Toro’s film instead which led Cooper shortly after to sign on to do Paul Thomas Anderson’s film. But ironically, after a few weeks in negotiations, DiCaprio’s deal fell through for taking the lead role in “Nightmare Alley” and dropped out. This created the opening for Cooper again stepping in and taking over another passed role by DiCaprio as two lead roles that were offered and/or intended for DiCaprio both ended up going to Cooper instead under-the-circumstances.

Official poster: