Paramount Pictures has purchased the worldwide distribution rights to Jason Reitman’s Young Adult. Penned by Diablo Cody, the film stars Charlize Theron, Patrick Wilson, and Patton Oswalt. Briefly, Cody’s script focuses on a divorced novelist (Theron) who moves back home to pursue an old flame who just had a baby. The film will see Reitman and Cody reunite for the first time since Juno (which garnered four Oscar nods including a Best Screenplay win for Cody) and will mark the third team-up between Reitman and Paramount. The studio also distributed Reitman’s Up in the Air and will perform similar duties on the upcoming Jeff Who Lives at Home which Reitman is producing. Mandate Pictures is financing and producing Young Adult.
According to Variety, principal photography on the film is set to begin in New York later this month. To check out an extended synopsis for the project, hit the jump. [Update: We’ve now included the press release after the jump]
Here’s a synopsis for Young Adult:
Young Adult centers on an attractive, but single — and misguided and lost — mid-thirties young adult novel writer living in Minneapolis. Divorced, but not entirely unhappy, this woman’s life is one day radically transformed when she receives a birth announcement from an old, still-idealized ex-boyfriend, triggering something deep inside her. Shook up from the announcement, the insecure and neurotic woman concocts an ill-conceived plan to go visit the small town where she grew up and where her ex-bf still lives with his new wife and child.
Here’s the press release:
PARAMOUNT ACQUIRES WORLDWIDE RIGHTS TO REITMAN AND CODY’S
The film begins principal photography in NY this month
HOLLYWOOD, CA (October 7, 2010) – Paramount Pictures has acquired worldwide distribution rights to Mandate Pictures’ YOUNG ADULT from Academy Award®-nominated director Jason Reitman and Academy Award®-winning writer Diablo Cody. Academy-Award® winning actress Charlize Theron (“Monster,” “The Road”) stars alongside Golden Globe nominee Patrick Wilson (Angels in America, the upcoming “Morning Glory”) and Patton Oswalt (“Ratatouille”).
The movie will be produced by Academy-Award® nominated producers Lianne Halfon and Russell Smith of Mr. Mudd Productions, Mason Novick, Diablo Cody, Jason Reitman through his film banner Right of Way Films and Denver & Delilah Films. Nathan Kahane, John Malkovich, Helen Estabrook and Steven Rales will executive produce. Mary Lee, Kelli Konop, Brian Bell and Beth Kono will co-produce. Paramount’s David Beaubaire, will run point for the studio.
YOUNG ADULT marks the second collaboration for these filmmakers. Reitman, Mr. Mudd, Mandate, Novick and Cody had an enormously successful partnership on JUNO. The film, directed by Reitman and written by Cody, garnered a host of accolades, including an Academy Award® for Best Original Screenplay and three Academy Award® nominations for Best Motion Picture (Lianne Halfon, Mason Novick and Russell Smith, Producers), Best Actress, and Best Director. The $227 million box-office and critical sensation was released by Fox Searchlight in late 2007.
The film also marks the third collaboration for Reitman and Paramount. The studio released his Academy-Award® nominated “Up in the Air” last year. Earning over $160 million world-wide, the movie earned six Academy-Award® nominations, and five Golden Globe nominations, with Reitman taking home the Golden Globe for Best Adapted Screenplay. Reitman next produces the upcoming Paramount Pictures film “Jeff Who Lives At Home,” starring Jason Segel and Ed Helms, and directed by Jay and Mark Duplass, to be released in 2011.
“We immediately jumped at the chance to work with Jason again,” said Paramount Film Group President Adam Goodman. “He’s one of the most talented filmmakers working today and look forward to this next collaboration.”
Dan Freedman, SVP of Business and Legal Affairs, negotiated all deals for Mandate Pictures.