Summit Entertainment has acquired all international rights to Panic - the Sundance American Spectrum entry which was picked up by Artisan Entertainment for domestic release earlier this week.
Panic stars William H Macy as a man having a mid-life crisis drawn to a manic young woman (Neve Campbell) he meets in his therapist's waiting room. Joining Macy and Campbell in the star-studded cast are Tracey Ullman, John Ritter and Donald Sutherland. It was directed by Henry Bromell, whose TV credits as a writer/producer include Chicago Hope, Homicide and Northern Exposure. Producers are Lori Miller and Matt Cooper of The Vault and Andrew Lazar of Mad Chance Productions.
Patrick Wachsberger and Bob Hayward negotiated on behalf of Summit while Emanuel Nunez and John Ptak of CAA and Peter Nichols of Lichter, Grossman, Nichols & Adler on behalf of the producers.
Although Artisan owns 5% of Summit, the Summit acquisition is separate from the domestic deal and Panic will not go through any of Artisan's output deals in the UK, Germany and Spain.