Colin Firth is really having a great week. As the star of Tom Ford's first film " A Single Man", Colin just won the Best Actor Award at the Venice Film Festival and the film was the subject of an intense bidding war last night here in Toronto. While many studios tried to acquire the story of a British college professor struggling to find meaning to his life after the death of his long time partner (played by Matthew Goode), the Weinstein Company ended up winning the battle.

Anyway, to help promote the film, I was able to speak with Colin earlier today and he gave me an update on "Mamma Mia 2" and what he's doing next ("The King's Speech"). The big news is he's heard if a sequel is made to the incredibly popular "Mamma Mia!" movie, it's going possibly use a new band's music to tell the story. More after the jump:

The first thing to know is...the sequel to "Mamma Mia" is still in the very early stages of development. So while Colin said he's heard something, it could easily change. But saying that, the idea of using a new band's music to tell the story  makes a lot of sense. After all, while ABBA has a lot of popular songs, they've already used the big ones in the first film. Starting with a new band means you can use the best stuff and not have to search through the back catalogue of ABBA.

On top of the "Mamma Mia 2" news, Colin said he's about to start working on director Tom Hooper's movie called "The King's Speech". The film is about King George VI's effort to overcome his stutter  with the assistance of speech therapist Lionel Logue - who will be played by Geoffrey Rush. Colin goes into a lot of detail about the project below so take a look.

Finally, he says the long rumored "David Copperfield" movie on his IMDB page is not accurate. He's not making it. Here's exactly what he said about all the projects:

Question: I've heard they are moving forward with a "Mamma Mia 2"

Colin Firth: Well, Benny has put the kibosh on the ABBA thing. I don't know if you read that. Benny Anderson was public - quoting what I read in a newspaper - but he said it's not going to happen with ABBA. We're not using the back catalogue. He, I think, has other ambitions, probably. The main thing is they've used the songs you would need for that musical and using the rest of the catalogue...I don't know, you'd have to ask him. From what I'm understanding, the people who do want to make it, are considering the possibility of using another bands music. Why not. But that's speculation, I've got no insight on what will really happen.

So what are you getting ready to start up on?

Colin: It's called "The Kings Speech". It's a beautiful story about King George the VI who had to become kind unexpectedly when his brother abdicated over the Wallace Simpson scandal. It takes place just before the second World War. The king just abdicated because he couldn't marry a divorced woman. And the brother, who hadn't been groomed at all, suddenly had to step up. That would be the part I would play. He was not only not groomed for it, he had a terrible speech impediment. He stuttered very badly. And this was an era when live radio was critical. There was no recorded and edited radio yet, and no previous king had to use live radio but he did. And he had to lead the nation into war etc. etc., etc. So with enemies like Hitler as your rival and the rhetoric. So it was a huge crisis - constitutionally and for him. He ended up going to a speech therapist and it's about that relationship. It's actually a friendship as much as anything else. Because there is a five pace rule around the royals...don't come close. You're not allowed to, you have to call them highness and all the rest of it. But this guy (Geoffrey Rush) is not having any of it. We have to work together and we can't do that. So there is no possibility of friendship, really. I would say for someone like George the VI, you can't have that exclusion zone around yourself. And this is about a relationship which ends up breaking that zone. It's a great story. Tom Hooper is the director.

So according to the always accurate IMDB, you're attached to "David Copperfield". Any truth to that?

Colin: We had conversations about that it the early 1950's I think. (everyone laughs) They're very reluctant to correct anything and that surprises me. We tried to set the record straight a few times. But that's not wildly inaccurate as Peter Howard and I talked about Copperfield and I said I was interested. I really don't know how far it ever got.