Studio acquires worldwide rights to Mandate's 'Young Adult'

Paramount has snagged worldwide distribution rights to Mandate Pictures’ “Young Adult,” from director Jason Reitman and starring Charlize Theron, Patrick Wilson, Elizabeth Reaser and Patton Oswalt.

Project, which begins principal photography in New York this month, reteams Reitman and scribe Diablo Cody, whose “Juno” cumed $227 million at the worldwide box office. Mandate also financed and produced that film.

Lianne Halfon and Russell Smith of Mr. Mudd Prods. are producing “Young Adult” with Mason Novick, Cody, Reitman and Theron’s Denver & Delilah Films. Reitman produces through his banner Right of Way Films.

Exec producers are Nathan Kahane, John Malkovich, Helen Estabrook and Steven Rales. Mary Lee, Kelli Konop, Brian Bell and Beth Kono are co-producers.

“Young Adult” is the third collaboration for Reitman and Paramount after “Up in the Air,” which the filmmaker directed, and the upcoming “Jeff Who Lives At Home,” which Reitman is producing.

“We immediately jumped at the chance to work with Jason again,” Par Film Group prexy Adam Goodman said.

“Young Adult” follows a thirty-something, divorced fiction writer who returns to her hometown to chase an ex-boyfiend, who has just fathered a baby.

Mandate Pictures senior VP of business and legal affairs Dan Freedman negotiated on behalf of Mandate, a film production and financing company acquired by Lionsgate in 2007.

Company was last in theaters with “The Switch.”

Follow @Variety on Twitter for breaking news, reviews and more