Alchemy has acquired all North American rights to director Kim Farrant’s drama “Strangerland,” starring Nicole Kidman, Joseph Fiennes and Hugo Weaving.

The film premiered in the World Cinema Dramatic Competition on Friday. Alchemy is planning a multiplatform release later this year.

The film centers on a couple that has recently transplanted to a remote Australian desert town. Their lives are flung into crisis when their two teenage kids mysteriously disappear as a massive dust storm hits.

“Strangerland” is written by Fiona Seres and Michael Kinirons and based on a story by Seres. Producers are Macdara Kelleher and Naomi Wenck; executive producers are Molly Conners, Maria Cestone, Sarah E. Johnson, Adriana L. Randall, Andrew Mackie and Richard Payten.

It’s the second acquisition for Alchemy since it rebranded itself earlier this month and ditched the Millennium Entertainment label. On Jan. 13, Alchemy announced it had acquired the crime thriller “Kidnapping Mr. Heineken,” starring Anthony Hopkins, Jim Sturgess, Sam Worthington and Ryan Kwanten, and set a March 6 release date.

Alchemy’s Jeff Deutchman negotiated the deal with CAA on behalf of the filmmakers. Wild Bunch is handling foreign sales, with Transmission distributing in Australia and New Zealand.