January 27, 2007 / 1:42 AM / 11 years ago

"King of California" rules at Sundance

<p>Mike Cahill (L), director of "King of California" and actress Evan Rachel Wood pose for a portrait during the Sundance Film Festival in Park City, Utah, January 24, 2007.Lucas Jackson</p>

PARK CITY, Utah (Hollywood Reporter) - As the Sundance Film Festival wound to a close, First Look Pictures was on the verge of buying North American rights to "King of California" for slightly less than $3 million, sources said Thursday.

The dark comedy stars Michael Douglas as a father who returns home after being released from a mental institution, much to the chagrin of his beleaguered 16-year-old daughter (Evan Rachel Wood). She reluctantly embarks on one of her father's long string of crazy schemes: a plan to unearth gold buried by Spanish missionaries in California.

It marks the debut effort of writer-director Mike Cahill.

A First Look representative confirmed that the studio was in negotiations for rights to the project. The sale would be First Look's biggest acquisition to date. It comes a year after the company's first Sundance acquisition, Dito Montiel's "A Guide to Recognizing Your Saints."

Reuters/Hollywood Reporter

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