With the Cannes Film Festival in full swing, expect lots of acquisition stories this week. Today, Open Road Films, which is owned by AMC and Regal Entertainment, made its first acquisition with the U.S. rights to Killer Elite. The action-thriller, directed by Gary McKendry, stars Jason Statham, Clive Owen and Robert De Niro. The film is inspired by true events, and centers on a retired special-ops agent (Statham) who must reunite his old team in order to rescue their mentor (De Niro). Killer Elite is set to be released this fall.

In addition, The Weinstein Company has acquired the world rights to martial arts, film noir epic Wu Xia. Directed by Ho-Sun Chan, the film stars Donnie Yen, Takeshi Kaneshiro, and Tang Wei. Hit the jump to read both press releases.