After going on the market last week, Columbia TriStar is in talks to distribute and finance the Diablo Cody spec “Ricki and Flash,” a lucrative package that has Meryl Streep attached to star and Jonathan Demme set to direct.

Several studios, including Universal, Weinstein and Fox 2000, chased after it before TriStar finally won out on the bidding. TriStar Productions Chairman Tom Rothman spearheaded the charge to get this package over to his company before it landed somewhere else.

“We feel lucky as hell to have been selected by such outstanding filmmakers to be the dive bar for Ricki and her band,” Rothman said. “We aspire to be the best roadies ever. I have been fortunate enough to have personally worked with each of the Fab Four talents involved here before and know well how supremely gifted they are. This is a great day in the life of our company.”

Marc Platt and Mason Novick are on board to produce.

“Mason and I are thrilled. Diablo and Meryl are two of the women I admire most and we are lucky to be collaborating with them. Jonathan and I first worked together on Philadelphia at TriStar, so the homecoming to the studio is particularly sweet. I know Jonathan will do a masterful job on the film and that we will all be in good hands with Tom Rothman and his team.”

Story follows an old fading rockstar, played by Streep, who tries to reconnect with her estranged children as one of them goes through an ugly divorce.

Insiders say Rothman has been wanting to bring original and fresh projects to TriStar and this one certainly fits in that wheel-house. The combination of Streep, Demme and Cody was too hard to pass on and led to an all out blitz by Rothman and TriStar to win the bidding war for the package.

Rothman has got off to a hot start since announcing that he would be teaming with Sony to relaunch TriStar in August. He landed the memoir from CY Young winner R.A Dickey titled “Wherever I Wind Up” as well as Robert Zemeckis’ next pic “To Walk the Clouds,” which stars Joseph Gordon Levitt.

Rothman also recently announced that he would be naming David Beaubaire and Nicole Brown as film execs and Lindsay Sloane as a TV exec for TriStar.