Ok, there is a lot of stuff going around the net about this one, since the first thing anyone thinks when they hear that Sopranos producer Brad Grey got Sopranos creator David Chase a directing gig is: Sopranos movie.

Well, that isn’t the case. Only because it has been announced as “not The Sopranos movie.” On a side note, The Sopranos movie does NOT have to go to Warners/HBO, so this could have been The Sopranos movie, but isn’t.

How do we know? Official press-release, bitches (after the jump)!

HOLLYWOOD, CA (May 8, 2008) — David Chase, the seven time Emmy® award-winning creator of The Sopranos, has signed a deal with Paramount Pictures to write, direct and produce his first feature film, an original drama.

Chase has a long-standing relationship with Paramount Studios chairman Brad Grey, his producing partner on The Sopranos.

“Brad has always been adventurous as a producer and looked for different ways of doing things,” said Chase. “I look forward to once again working with him, and now his team. For years, Brad has been a great partner, who helped enable me to do what I need to creatively.”

“David is one of the great storytellers of our time, and his debut as a filmmaker is both highly anticipated and long overdue,” said Brad Grey, Chairman and CEO of Paramount Pictures. “In truth, David has been creating cinematic-quality filmed drama for more than a decade – spanning nine seasons and 86 episodes of The Sopranos. Having worked with David as a producer, I’m delighted to be with him again and to bring his unique vision to the big screen.”