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Duo to try on ‘Shades’

Von Furstenberg to exec produce Torn starrer

NEW YORK — Indie distrib Capital Entertainment and the Sundance Channel have acquired writer-helmer Ira Sach’s “Forty Shades of Blue,” the top prizewinner at this year’s Sundance Film Festival.

Capital will handle pic’s theatrical and DVD rollouts, with the Sundance Channel snapping up U.S. pay TV rights.

Pic will bow in theaters in September, and Sundance will air it next year after its homevid release.

Penned by Sachs and Michael Rohatyn, “Shades” follows the story of a Russian woman living in Memphis with a legendary music producer twice her age. The couple’s life changes when the producer’s estranged son visits.

Pic stars Rip Torn, Dina Korzun and Darren Burrows.

Sachs, Margot Bridger, Mary Bing, Jawal Nga and Donald Rosenfeld produced, with Geoff Stier and Diane Von Furstenberg exec producing.

Pic’s rights were sold off by Submarine Entertainment and RingTheJing Entertainment. Los Angeles-based Capital is headed by CEO-founder Henry Winterstern.

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