Brilliant opening shot: A teddy bear falls slowly, landing softly next to a little girl who is, inexplicably, curled up in a suitcase. It is quickly revealed why.

Meanwhile, Mike Finkel (Jonah Hill), a New York Times reporter, goes to Africa for a story that makes the cover of the Times Sunday magazine. The story is written while Finkel plays poker with colleagues in the newsroom. He wins the hand but it turns out his story is not quite accurate. He is fired.

Finkel goes to his cabin in Montana with his lady Jill (Felicity Jones) and pitches freelance writing pieces. A call comes from a reporter in Oregon (Ethan Suplee), informing Finkel that accused murderer Christian Longo (James Franco) claimed he (Longo) was Finkel when he was arrested in Mexico.

When Finkel goes to Oregon to visit Longo, the fun begins. In a series of jailhouse one-to-ones, Franco and Hill each show off their acting talents. Finkel is flattered when Longo mentions how much he likes Finkel’s writing. Longo sends Finkel a lengthy handwritten letter and Finkel offers to use its content to co-write a book, once the case is cleared.

Jill has doubts about the whole scenario, but Finkel is totally seduced by Longo’s apparent intelligence and his cool demeanor (despite being charged with four murders).

After this enticing setup, the film bogs down. But… here comes another memorable sequence: Director Rupert Goold juxtaposes Jill’s piano playing with Finkel’s writing on his laptop. Keyboard on keyboard action. Nice.

True Story has a bit of suspense: What is the true story? Did Longo kill his family? What will happen at trial? Will Finkel and Longo co-author a book? Will Finkel be redeemed after his journalistic faux pas?

But the payoff is weak. Oh, there’s resolution, but it doesn’t quite deliver what the first few chapters of the film indicated might lay ahead.

Nonetheless, Franco and Hill are a delight to watch. Someone told me when she heard those two were in a movie together, she presumed it was a comedy. Nope. True Story is serious stuff. It takes a shot, but ultimately misses out on greatness.