WME Global handled the auction, which closed Friday at the Toronto International Film Festival.
The film is financed by No Trace Camping. Daniel Casey wrote the script, based on the short “Bag Man” by Jonathan and Josh Baker.
21 Laps’ Shawn Levy and Dan Cohen will produce with No Trace Camping’s Jeff Arkuss, David Gross and Jesse Shapira. Production is slated to start on Oct. 24.
The short premiered at SXSW 2015. Reynor will portray a man recently released from jail who is forced to go on the run with his adopted younger brother, protected by an ancient weapon they’ve found. Franco will play a vengeful criminal and Quaid will play the father of the brothers. Kravitz will play a woman who joins the pair on the run.
The news was first reported by Deadline Hollywood.