The Weinstein Co. and IFC Entertainment have co-acquired North American rights to the serial-killer drama OUT OF THE BLUE, says The Hollywood Reporter. 

The film is set for theatrical and video-on-demand distribution though IFC's First Take program and a DVD release through Genius Products.

OUT OF THE BLUE, tentatively scheduled for a May bow, tells the true story of New Zealander David Gray, who shot and killed more than a dozen people in his small hometown. It premiered in September at the Toronto International Film Festival.