By Nicole Sperling
Updated June 30, 2009 at 10:10 PM EDT

EW has learned that George Clooney will be moving his production company Smokehouse from its long-time home at Warner Bros. to the Sony lot. The Culver City-based studio is currently negotiating a two-year deal with the famed actor and his production partner Grant Heslov. Clooney spent eight years at Warner Bros. producing such films as Michael Clayton and Good Night and Good Luck. His previous production company, Section Eight with Steven Soderbergh, was also housed on the Burbank lot. Smokehouse’s The Informant, starring Matt Damon and directed by Steven Soderbergh will be released by Warner Bros. in the fall, while Overture Films will bow the Clooney-starrer Men Who Stare at Goats from director Heslov next year. Insiders are buzzing about the reason for the move with few saying that Clooney and Heslov were looking for too much cash to justify a production company that has a history of winning the studio awards but not doing much to fill their coffers financially.