Phase 4 Films has acquired U.S. and Canadian rights to The Crash Reel, which follows the different paths taken by childhood friends and rivals Shaun White and Kevin Pearce. The latter suffered a serious brain injury while training for their anticipated showdown at the Vancouver Olympics; White went on to gold medals and fame while Pierce struggled to recover. HBO, which helped finance the film, retains U.S. TV broadcast rights to the pic, which weaves 15 years of verite footage with a soundtrack that includes music from Chemical Brothers, Underworld, and Moby and chronicles Pearce’s long road to recovery. It premiered this year at Sundance. Oscar-nominated Lucy Walker (Waste Land, Devil’s Playground) directed, wrote the script with Pedro Kos and produced with Julian Cautherley. HBO’s Sheila Nevins executive produced. Phase 4 plans an early winter 2013 theatrical release. The deal was negotiated by Phase 4’s Larry Greenberg and Sam Posner with Andrew Herwitz at The Film Sales Company on behalf of the filmmakers.