Sony Pictures Classics buys Robert Redford's 'The Company You Keep'

By Nicole Sperling/August 24, 2012, 10:42 a.m.

A few weeks ahead of the trifecta of fall film festivals, Sony Pictures Classics has purchased all U.S. rights to Robert Redford's new film "The Company You Keep."

Redford stars in the film that he also directed opposite Shia LaBeouf, Julie Christie and Susan Sarandon. The movie centers on a former Weather Underground activist (Redford) who goes on the run from a journalist (LaBeouf) who has discovered his identity.

Lem Dobbs ("Haywire") adapted the script from the 2003 novel by Neil Gordon.

The film is scheduled to premiere at the Venice Film Festival in early September before heading to Toronto to screen for media there.

Redford has maintained a steady stream of work in the director's chair, helming three films in the last five years. Neither of his last two outings -- "The Conspirator," about the assassination of Abraham Lincoln, and 2007's political thriller "Lions for Lambs" -- fared well at the box office.

Perhaps the addition of LaBeouf and the all-star cast behind "Company You Keep," which also includes Sam Elliott, Brendan Gleeson, Terence Howard, Richard Jenkins, Anna Kendrick, Stanley Tucci, Nick Nolte and Chris Cooper, will turn his fortunes around.

Sony Pictures Classics, which has a heavy fall slate, has not announced a release date for the thriller.

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