The first announced title on the fledgling company’s roster is A Glimpse Inside The Mind Of Charles Swan III starring Charlie Sheen, Jason Schwartzman, Bill Murray and Patricia Arquette.

A24, which Daniel Katz, David Fenkel and John Hodges launched last week and is backed by Guggenheim money and other private equity sources, will open the comedy in theatres in 2013. FilmBuff will handle all domestic digital distribution.

A Glimpse Inside The Mind Of Charles Swan III is a Los Angeles-set tale about a successful graphic designer who reevaluates life after his girlfriend dumps him. Coppola produced the film with Youree Henley. Michael Zakin and Robert Maron served as executive producers.

“I am excited to work with A24, a new company with a lot of vitality who isn’t afraid of trying something new and pushing the boundaries,” Coppola said. “Those are the type of people I’m drawn to. Their collective work demonstrates that they’ll bring verve, energy and pizzazz to the release of the film. And the fact that they are named A24 after a road in Italy is appealing – that kind of playfulness and respect for those types of things is something I value.”

“We couldn’t be more proud to launch our company than with Roman’s film,” A24 said. “He’s an innovative storyteller who has made a romp of a movie that looks like it was as much fun to make as it was for us to watch. Charlie’s heartbreaking, hysterical, and touching performance reminds you of why he shot to stardom on screen.”

Bart Walker of Cinetic Media negotiated the deal for the film with A24.