Director Fernando Trueba and illustrator and designer Javier Mariscal’s film premiered at Telluride and played in official selection in Toronto.

Eric Beckman of GKIDS negotiated the deal with Andrew Fingret of CinemaNX on behalf of producing partners Magic Light Pictures, CinemaNX, Estudio Mariscal, Isle Of Man Films and Trueba of Producciones Cinematográficas.

Chico & Rita follows the story of star-crossed lovers in 1948 and takes place in Cuba, New York, Paris and Las Vegas. It will receive an Oscar qualifying run when it opens in LA in December followed by theatrical release in early 2012.

GKIDS will release through its new Luma Films label for adult animation.