I've just known a small new about the movie.
A reader of the blog told me today in Berlin took place the press conference for The Better Angel, movie directed by AJ Edwards, who is a kind of protege of misterious Terrence Malick (and Malick himself produced the movie).
During the press conference he said few interesting things about Malick and his two projects and that they will be released this year.
This is what he said:
“Terrence Malick was always a phone call away. He was shooting his two pictures at the time [while Edwards was shooting his The Better Angels, nda] that’ll be released this year.”
So, we come back to the theory that Knight of Cup could be premiered in Cannes (the movie is listing) while the Untitled could be taken to Venice or Toronto.
But this doesn't mean the Untitled could reach our cinemas by the end of the year.
As The Film Stage writes "considering the current lack of distribution, we have to glean that he means they are ready to premiere at a festival, rather than see an actual release, but this is fantastic news. When it comes to the work of Malick, one never quite knows when they’ll see the light of day, but we’re glad our wishful thinking that they’ll initially premiere this year will come true"
As soon as I know more, I will post.
Edit: 12 February 2014
The Film Stage Article