Sarah Polley’s drama premiered recently in Toronto and stars Michelle Williams, Seth Rogen, Luke Kirby and Sarah Silverman.

Magnolia plans a “robust” theatrical launch in summer 2012 preceded by a wide festival presence and eventual roll-out on the Ultra VOD platform.

Svp of acquisitions Dory Begley and head of business and legal affairs Chris Matson brokered the deal with Gregory Chambet of TF1 International.

Take This Waltz centres on a young woman torn between the husband she loves and her passionate new lover. Polley also wrote and produced.