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UPDATED: It’s now official: Fox Searchlight bought the worldwide rights to Adam for release later this year.

Previous: I hear Fox Searchlight is likely to buy Adam, the twentysomething awkward romance written and directed by Max Mayer. Set in Manhattan, the film about two neighbors (Hugh Dancy and Rose Byrne) in the same apartment building focuses on the obstacles to human intimacy and reportedly radiates intelligence and authenticity. The cast also includes Frankie Faison, Peter Gallagher, Amy Irving, and Mark Linn-Baker.

A Hollywood producer I respect is telling me to check out the great reviews for Amreeka, the debut feature by director/writer Cherien Dabies. He emailed, “It could use a plug. This is a helluva film. One distributor has made an offer, and [William Morris Independent’s] Rena Ronson is in negotiation.”

There’s been a lot of buzz about Spread, the Ashton Kutcher film (he stars and produces) directed by David Mackenzie and written by Jason Dean Hall about a Los Angeles sexual grifter. But also some controversy. One of my sources tells me, “They needed security at screenings because so many girls were taking flash photos at the premiere and standing up in the theatre that they had to delay the start of film. Also the director didn’t show because he didn’t like Ashton’s cut and insisted on 7 days of first-class travel. So Ashton did the Q&A after.”

Sundance festival goers are invited to the non-partisan inauguration party for Barack Obama on Tuesday night at The Sidecar on Main Street.

More as it comes in…