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Fine Line banks ‘Hoop’

Fine Line Features said Monday that it has acquired all North American rights to the slam-dunk documentary “Hoop Dreams,” which won the Audience Award at the Sundance Film Festival. Terms of the deal were undisclosed.

The company acquired the rights to the movie in competition with such companies as Samuel Goldwyn Co., Orion Pictures, Sony Pictures Classics and Miramax Films.

“Hoop Dreams” follows the lives of Chicago teenagers Williams Gates and Arthur Agee from their elementary school graduation into college, as they chase their dream to play in the NBA. A fictional movie version based on the story of the two teenagers has been discussed.

Produced by Steve James, Frederick Marx and Peter Gilbert at Kartemquin Films, “Hoop Dreams” is the first documentary for Fine Line, which plans to release the movie in the fall.

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