Paramount Home Media has acquired worldwide rights to the Nick Jonas fraternity drama “Goat” for $2.25 million following its premiere last weekend at the Sundance Film Festival.

The deal provides for a day and date VOD release with MTV getting the first TV window. Theatrical distribution will be handled by a third party. The film screened in the U.S. dramatic competition section at Sundance.

The project is based on Brad Land’s anti-hazing memoir about an Ohio teen who’s abducted and beaten by thugs after a frat party. Directed by Andrew Neel, the drama follows a 19-year-old college student (played by Ben Schnetzer) who pledges the same fraternity as his brother, portrayed by Jonas.

Virginia Gardner, Danny Flaherty, James Franco and Austin Lyon also star. Neel wrote the screenplay with Mike Roberts and “Pineapple Express” director David Gordon Green.

Production companies are Killer Films, Rabbit Bandini and Great Point Media. Franco produced “Goat” with Christine Vachon, David Hinojosa and Vince Jolivette. Executive producers are Robert Halmi Jr., John Wells and Jim Reeve.

Neel directed 2012’s “King Kelly,” starring Louisa Krause as a webcam striptease performer.

CAA repped the filmmakers and Neel is managed by Washington Square Films.

The news was first reported by the Hollywood Reporter.