Action Comedy 'Stand Up Guys' Entering Awards Race, Will Get Qualifying Run

Action comedy Stand Up Guys -- starring Al Pacino, Christopher Walken and Alan Arkin -- is entering the awards race.

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Lionsgate will give the film, also starring Julianna Margulies, a one-week qualifying run in New York and Los Angeles starting Dec. 14. The movie will get a wider theatrical release on Feb. 1.

STORY: Chicago 2012: Star-Studded 'Stand Up Guys' Opens 48th Chicago International Film Festival

The film follows the travails of three retired gangsters who reunite for one epic night after Val (Pacino) is released from prison after serving 28 years for refusing to out one of his criminal associates. He, Doc (Walken) and Hirsch (Arkin) find that their bond is as strong as ever as they make a valiant effort to make up for lost time and face their past for once and for all.

Produced by Sidney Kimmel Entertainment and Lakeshore Entertainment, Stand Up Guys is directed by Fisher Stevens from a script by Noah Haidle.

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Lionsgate will make a major Golden Globes push in all categories and will submit Jon Bon Jovi's "Not Running Anymore" for an Oscar and Golden Globe for best original song.