This is the first publicised pick-up for some time for Megan Ellison’s company as attention has shifted this year to Ellison’s production, sales and financing entity Panorama Media. Spring Breakers gets its world premiere in Venice on Wednesday (5).

Annapurna said further details would be forthcoming. Harmony Korine (pictured) directed the film starring James Franco, Selena Gomez, Vanessa Hudgens, Ashley Benson, Rachel Korine, Heather Morris and Gucci Mane.

Chris Hanley, Jordan Gertner, David Zander and Charles-Marie Anthonioz produced the story of four college girls who plan to fund a spring vacation by robbing a fast food shack.

Spring Breakers will receives its North American premiere in Toronto on Friday (7).

CAA and Ted Field of Radar Pictures negotiated the deal.