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."