Matthew McConaughey (left) and Channing Tatum
Splash News Online; Will Binns/Pacific Coast News
08/18/2011 at 07:00 AM EDT
's upcoming movie about male strippers
just added another choice piece of meat: Matthew McConaughey
The latter actor, 41, will play a former exotic dancer who owns the club where Tatum's title character works in Steven Soderbergh's indie drama Magic Mike
The movie, which also stars the British actor Alex Pettyfer, 21, is loosely based on Tatum's own experiences
working as a teen stripper in Tampa.
"Look, I'm not proud of it," Tatum, 31, said last year of having once been a stripper. "But I'm not ashamed of it."