First Look Holdings co-chairmen Avi Lerner and Henry Winterstern and executive vice president of acquisitions Gary Hirsch negotiated the deal with Endeavor's Graham Taylor and Cinetic Management's John Sloss. The deal closed in the early hours of Friday morning .
The film premiered at Toronto the weekend before last and stars Eckhart as a loser who finds a new lease of life when he mentors a rebellious teen. Logan Lerman, Jessica Alba and Timothy Olyphant also star.
Wallack wrote the screenplay and GreeneStreet Films' Fisher Stevens and John Penotti produced with Matthew Rowland. and GreeneStreet's Tim Williams served as executive producers.
This is a solid cast, and a bold, funny script,' Hirsch said. 'Eckhart was fantastic in No Reservations and Thank You For Smoking,' and Bill has the same comedic sensibility.'
IFC Films picked up Guy Maddin's documentary My Winnipeg, which won the Toronto-City Award for Best Canadian Feature at the festival. IFC did the deal with Maximum Films.
At time of writing sustained interest has coalesced around the horror films Mother Of Tears by Dario Argento and Frontieres by France's Xavier Gens.