TriStar Pictures has acquired “Dancer, Tex. Population 81” from the nascent Hollywood Stock Exchange production company in association with Caribou Pictures and Chase Prods., the studio confirmed Monday.
Pic, budgeted under $3 million, is already in production. Drama is about four high schoolers in Texas.
Overseas First Look is handling the foreign sales for the pic.
Ethan Embry, who starred in “Vegas Vacation” and “That Thing You Do!,” headlines the pic along with Breckin Meier (“Pre,” “The Craft,” “Clueless,”), Peter Facinelli (“Telling You,” “Foxfire”) and Eddie Mills (“L.A. Med,” “Dominion”).
Tim McCanlis (“Shoot to Kill”) wrote and is helming the pic. Exec producers are Michael Burns and Leanna Creel.
Dana Schaffer, Peter White and Chase Foster are producing.
TriStar exec VP Lauren Lloyd will oversee the project.
The project marks the first studio deal for the Hollywood Stock Exchange, which started out as an Internet game that let players pretend to trade showbiz companies, stars and films like stocks and bonds.
The company, run by Burns, announced it was moving into indie production at the Cannes Film Festival in May with a slate of low-budget projects.
Other pics HSX Films has in various stages of production include:
“Mixed Signals,” a comedy written by Sasha Gelbart and Eric Tipton;
“The Blade,” an actioner directed by Lance Mungia;
“Crossing for Concerto,” a drama with Minnie Driver set to star; and
“The Last of Joe,” a drama about a woman rancher in Montana.