Hannover House, the new film and video distribution unit of Target Development Group, has acquired North American rights to Marshall Curry’s NASCAR documentary Racing Dreams.

As previously announced, DreamWorks has optioned remake rights to be produced by Alex Kurtzman and Roberto Orci through their deal with the studio.

Racing Dreams explores the lives of three children who dream of becoming NASCAR drivers. Racing Dreams will open in theatres on May 21.

Dwayne Johnson served as executive producer alongside Jack Turner, Dany Garcia and Ben Goldhirsh. Bristol Baughan produced.

Hannover House broke on to the scene at Sundance then it acquired Joel Schumacher’s thriller Twelve and Josh Radnor’s romantic comedy happythankyoumoreplease.

Hannover’s Action-thriller The Wild Hunt will screen at the Gen Art Film Festival on April 11 in New York.

“We at Hannover House are excited to have a family film of this quality leading off our 2010 theatrical release slate,” Hannover House president Fred Shefte said. “It will be as much a financial success as it already is an artistic success; we are proud to be associated with Racing Dreams.”

“On the surface, this is an exciting and funny movie about kids who love racing,” Curry said. “But, beneath the surface, it’s a more universal coming-of-age story about being 11 or 12 years old and figuring out life and family and romance for the first time.”