A24 has acquired Ginger & Rosa, the Sally Potter-directed film that stars Elle Fanning. A story about friendship and betrayal, the film premiered at Telluride and Toronto and plays the New York Film Festival on October 8. Alice Englert, Alessandro Nivola, Christina Hendricks, Timothy Spall, Oliver Platt, and Annette Bening also star. A24 plans on a qualifying run of the film in 2012 for awards consideration followed by a theatrical release in early 2013.

A24 said in a statement: “We fell in love with Ginger & Rosa. We’ve been fans of Sally’s for a long time. She has crafted a touching, heartfelt, and extraordinary work anchored by an absolutely incredible performance by Elle Fanning which already has a tremendous amount of love from audiences and journalists alike. We look forward to bringing the film to a wide audience and showing the world one of the best performances of the year.”

Ginger & Rosa was produced by Christopher Sheppard and Andrew Litvin for Adventure Pictures. The deal was negotiated with A24 by Bart Walker and John Sloss of Cinetic Media. International sales are being handled by The Match Factory. A24 was launched this year by Daniel Katz, John Hodges and David Fenkel, with a plan to release eight to 10 films per year. The first will be the Roman Coppola-directed A Glimpse Inside The Mind of Charles Swan III, starring Charlie Sheen, Bill Murray and Jason Schwartzman. A24 will release it in February.