By Anne Thompson | Thompson on Hollywood January 24, 2011 at 10:36AM
During my panel today with Page One director Andrew Rossi and his star subject, NYT media columnist David Carr, at Sundance's Bing Bar on Main, a man came over and told me that Magnolia/Participant had acquired the film. So I broke the news to the press conference--if not in this blog. You can only do one thing at a time. On Saturday I had just told Participant's Jim Berk and Ricki Strauss how much I liked the doc, which I watched before the fest. They told me they were looking for movies to partner on. Participant effectively got word out to movie audiences on An Inconvenient Truth and Waiting for Superman through their activist outreach. This smart look at the ways technology and the internet are changing and threatening the New York Times, among other newspapers, will need help to break out beyond the narrow art-house niche. Magnolia plans a summer release.
Fox Searchlight picked up worldwide rights to another movie Monday, after the romance Homework: Sean Durkin's tongue-twister-titled Martha Marcy May Marlene, starring Elizabeth Olsen (younger sister of the Olsen twins) as a disturbed woman in recovery after fleeing a cult lead by John Hawkes (Winter's Bone). (I took video of the press conference here.)
Josh Mond, Antonio Campos, Chris Maybach and Patrick Cunningham produced the film with Ted Hope, Matt Palmieri, Saerom Kim, Saemi Kim and Alexander Schepsman as executive producers and Andrew Corkin as co-producer. Searchlight will release the film later this year.