22 January 2013 10:31 AM, PST | Thompson on Hollywood | See recent Thompson on Hollywood news »

Fox Searchlight has picked up the rights to Nat Faxon and Jim Rash's "The Way, Way Back," which premiered at Sundance on January 21. The acquisition is a big buy, reportedly just under $10 million. The film stars Steve Carell, Toni Collette, Allison Janney, Maya Rudolph and Sam Rockwell, and centers on a teenager who takes a summer job at a run-down water park. Faxon and Rash, Oscar-winning co-writers of 2011's "The Descendents," make their directorial debut. Here's the synopsis via Sundance: The Way, Way Back tells the story of 14-year-old Duncan’s awkward, funny, and sometimes painful summer vacation with his mother, Pam, her overbearing boyfriend, Trent, and his daughter, Steph. Although Duncan has a tough time fitting in and finding his place, he does find an unlikely ally and mentor in Owen, a carefree employee at the local water park where Duncan gets a job. Over the course of the summer, »


- Beth Hanna

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