Fox Searchlight has acquired worldwide rights to the comedy Mistress America, starring Greta Gerwig and newcomer Lola Kirke and directed by Oscar-nominated helmer Noah Baumbach. Baumbach and Gerwig wrote the pic and produced with Scott Rudin, Lila Yacoub and Rodrigo Teixera.

The film has been slotted for a world premiere at the upcoming Sundance Film Festival and is scheduled to be released in 2015.

In the pic, Tracy (Kirke) is a lonely college freshman in New York, having neither the exciting university experience nor the glamorous metropolitan lifestyle she envisioned. But when she is taken in by her soon-to-be stepsister, Brooke (Gerwig) — a resident of Times Square and adventurous gal about town — she is rescued from her disappointment and seduced by Brooke’s alluringly mad schemes.

UTA Independent Film Group brokered the deal for the pic with Fox Searchlight’s Tony Safford, Megan O’Brien and Ray Strache. UTA also reps Baumbach and Gerwig, who also co-wrote the Baumbach comedy-drama Francis Ha which earned Gerwig a Golden Globe nom last year. RT Features financed.

It’s been a pretty good day for Fox Searchlight Pictures presidents Nancy Utley and Stephen Gilula. The studio is behind awards-season heavies The Grand Budapest Hotel and Birdman, which rolled to the most nominations overall this morning at the BAFTAs. The Fox studio also tops the studio list for Sunday’s Golden Globes with 12 noms, this coming off a year where they are the reigning Oscar Best Picture champs with 12 Years A Slave.

Those kinds of results bode well for Baumbach, who was Oscar nominated for writing 2006’s The Squid And The Whale. His latest pic While We’re Young sold to A24 in Toronto in the fall in a U.S. rights deal for $4 million.

“Noah’s distinct cinematic voice and keen sense of humor are an ideal fit for what we do at Searchlight,” Gilula and Utley said today. “We are thrilled to be working with Noah and Greta and couldn’t be more excited to be taking their new collaboration to audiences.”