22 January 2013 6:00 AM, PST | EW - Inside Movies | See recent EW.com - Inside Movies news »

Update: Sources close to The Way, Way Back confirm that Fox Searchlight has settled a deal to distribute the comedy for just under the record $10.5 million the company paid for Little Miss Sunshine in 2006. Terms are settled and negotiations are over, with Searchlight planning an announcement shortly.

Anyone who thought the Sundance Film Festival would suffer a post-first-weekend malaise did not anticipate The Way, Way Back, a throwback summer comedy from Nat Faxon and Jim Rash, the Oscar-winning screenwriters of The Descendents. There were 1,001 possible versions of Way Back that could’ve been made — 1,000 of them forgettable — but their tale »


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