UPDATED, May 13 : I reported last month that Fox Searchlight was nearing a deal for Paolo Sorrentino’s Cannes Competition film Youth. The company now has confirmed its acquisition of the English-language title that screens here on May 20. Company presidents Stephen Gilula and Nancy Utley announced the pickup of North American rights for Youth, which stars Michael Caine, Rachel Weisz, Jane Fonda, Harvey Keitel and Paul Dano. Sorrentino won the Foreign Language Film Oscar in 2014 for The Great Beauty, which also premiered in Cannes. The Youth deal was brokered by Searchlight’s Ray Strache and Megan O’Brien with Pathé’s Muriel Sauzay. More details in my earlier story below:

EARLIER EXCLUSIVE, April 28: Oscar winner Paolo Sorrentino’s Youth is running in Competition at the Cannes Film Festival next month. In what would mark the first domestic deal since the Official Selection was unveiled, I’ve learned that Fox Searchlight is in discussions to acquire the English-language drama that stars Michael Caine, Rachel Weisz, Jane Fonda, Harvey Keitel and Paul Dano. If a deal makes, Searchlight would take North American rights.

This is Sorrentino’s first feature since taking the Foreign Language Oscar for The Great Beauty in 2014; it was also a Cannes competitor. Youth is not his first effort in English, however. He previously made This Must Be The Place with Sean Penn in the lead role.

Youth is centered on two longtime friends vacationing in the Swiss Alps. Caine plays Fred, an acclaimed composer and conductor and Keitel is Mick, a renowned filmmaker. While Mick scrambles to finish the screenplay for what he imagines will be his last important film, Fred has no intention of resuming his musical career. The two men reflect on their past, each finding that some of the most significant experiences can come later in life.

Producers are Carlotta Carlori, Francesca Cima and Nicola Giuliana for Indigo Film in collaboration with Medusa Film. Co-producers are Fabio Conversi for Barbary Films; Jérôme Seydoux for Pathé; Stephen Woolley and Elizabeth Karlsen for Number 9; David Kosse for Film4; and Anne Walser for C-Films. Pathé is handling sales. Sorrentino is repped by UTA.

Check out the teaser trailer above.