EXCLUSIVE: Relativity is wrapping a deal to acquire U.S. rights to Black Or White, the Mike Binder-directed drama that stars Kevin Costner and Octavia Spencer. A racially charged drama that created strong buzz when it premiered at Toronto under the title Black And White. That title couldn’t be cleared, which is why it changed to “Or.” The film will be released in time to qualify for the Oscar race. That could mean a platform before year’s end, but those details are being worked out. Relativity will release the film through its newly formed multcultural division.

Relativity Studios logoThe drama is inspired by the true story of a grieving widower, who is also an angry alcoholic (Costner), and his struggle to retain custody of the young mixed-race granddaughter he and his recently deceased wife were raising. Spencer co-stars as the grandmother on the opposite side of the dispute. Gillian Jacobs, Jennifer Ehle, and Anthony Mackie also star. Binder wrote the script and Costner, Binder and Todd Lewis produced, with Cassian Elwes, Robert Ogden Barnum and Jacob Pechenik exec producing.

This is the third project Relativity has acquired this fall after the Halle Berry thriller Kidnap and The Woman In Black 2: Angel Of Death. The latter just got its new title and its release date has been moved up a couple weeks to January 2, 2015.