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Fox Searchlight has bought distribution rights to the U.S. and five other key international markets for romance-drama “Demolition,” starring Jake Gyllenhaal, Naomi Watts and Chris Cooper.

The film is co-financed by Black Label Media, Sidney Kimmel Entertainment and Fox Searchlight Pictures. Searchlight will handle distribution in the U.S., U.K, France, Germany and Australia/New Zealand.

Fox Searchlight was reported in October as being in negotiations for the U.S. rights.

“Demolition” is directed by “Dallas Buyers club” helmer Jean-Marc Vallee from the 2007 Black List script by Bryan Sipe. Gyllenhaal portrays a successful investment banker, who rallies to rebuild his life after a family crisis.

Producers are Black Label’s Molly Smith and Trent Luckinbill, Sidney Kimmel Entertainment’s Sidney Kimmel and Mr. Mudd’s Lianne Halfon and Russell Smith.

Executive producers include Thad Luckinbill, Right of Way’s Jason Reitman and Helen Estabrook, John Malkovich, Ellen Schwartz, SKE’s Carla Hacken, and Nathan Ross, Vallee’s producing partner and manager.

Sierra/Affinity started international sales at this year’s Toronto International Film Festival. CAA brokered the Searchlight deals.

Sony bought rights to Latin America, Eastern Europe, Scandinavia, Iceland and Greece; VVS Films bought Canadian rights; Good Films bought Italy; Phantom bought Japan; and Main Title bought South Korea.