"We fell in love with this film the minute that we watched it and we know the rest of the country will embrace this timeless love story. James has directed a wonderful film that depicts young love with complete authenticity and has two young stars giving incredible performances with Miles Teller and Shailene Woodley."
Producer Andrew Lauren also chimed in with a statement.
"I am so thrilled that the film has found a home with a company that has such passion for it. It's been an amazing Sundance and we are so gratified by the incredibly warm response here."
The Spectacular Now was produced by Tom McNulty, Shawn Levy, Andrew Lauren, and Michelle Krumm.
The deal was negotiated with A24 by UTA Independent Film Group on behalf of the filmmakers. James Ponsoldt is also represented by UTA.
The Spectacular Now was released August 2nd, 2013 and stars Shailene Woodley, Mary Elizabeth Winstead, Miles Teller, Brie Larson, Jennifer Jason Leigh, Bob Odenkirk, Kyle Chandler, Kaitlyn Dever. The film is directed by James Ponsoldt.