FilmNation Entertainment is handling international sales for the project at Berlin’s European Film Market.
Bono and The Edge will be be involved with the film’s music, as well as other aspects. Carney will produce through his Distressed films with Anthony Bregman (Likely Story), Kevin Frakes (PalmStar) and Raj Brinder Singh (Merced Media Partners) along with Paul Trijbits and Christian Grass (FilmWave).
WME is handling the U.S. rights for the film.
The film centers on a 14-year-old who must break free of a home strained by his parents’ relationship and money troubles, deal with his drop-out older brother’s antics and survive in a new public school. He forms a band and runs away to London with his 15-year-old girlfriend.
Principal photography will begin this summer in Dublin.
Carney directed 2006′s “Once” and last year’s “Can a Song Save Your Life?” U2′s “Ordinary Love” from “Mandela: Long Walk to Freedom” is nominated for an original song Oscar.