Writers/directors Joel and Ethan Coen’s latest film, Inside Llewyn Davis, has secured distribution.  The Brothers Coen produced the film without a domestic distributor, and following a screening for potential buyers last week, a bidding war broke out between studios that were vying to acquire the pic.  CBS Films came out the victor, and the studio will now handle the domestic distribution of the drama that takes place in the folk music scene of New York’s Greenwich Village in the 1960s.  Oscar Isaac (Drive) stars as the titular singer/songwriter who struggles to find his way, with Carey Mulligan, Justin Timberlake, Garrett Hedlund, F. Murray Abraham, and John Goodman rounding out the impressive cast.

The film debuted an absolutely fantastic trailer a couple of weeks ago, and rumors have swirled that it might be making its premiere at the Cannes Film Festival in May.  No firm release date has been set, but look for Inside Llewyn Davis to be a major awards player later this year.  Hit the jump to read the press release.

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Here’s the press release:

LOS ANGELES – February 19, 2013 – CBS Films announced today it has acquired US rights to INSIDE LLEWYN DAVIS.  Written and directed by Academy Award©-winners Joel and Ethan Coen and produced by Scott Rudin and Joel and Ethan Coen, the film stars Oscar Isaac, Carey Mulligan, John Goodman, Garrett Hedlund, F. Murray Abraham and Justin Timberlake.

INSIDE LLEWYN DAVIS follows an aspiring singer-songwriter (Isaac) as he navigates the 1960s folk-music scene in New York City’s Greenwich Village.  Grammy®-winner T Bone Burnett produced the film’s soundtrack which includes music performed by, among others, Oscar Isaac, Marcus Mumford and Justin Timberlake.  Robert Graf served as executive producer, T Bone Burnett served as executive music producer and Marcus Mumford as associate music producer.

Previous collaborations between the Coen Brothers and Rudin include the Academy Award©-winning Best Picture of 2007 No Country For Old Men and the multiple-Academy Award©-nominatedTrue Grit.

Studio Canal is handling international distribution for the film as well as foreign sales.  UTA negotiated on behalf of the filmmakers.