Anne Hathaway's 'Colossal' to Be Released by Tom Quinn and Tim League's New Company (Exclusive)

Courtesy of TIFF

The pair's new label has been loosely operating since it acquired Michael Moore's 'Where to Invade Next' out of Toronto last year.

The mystery behind who will release the Anne Hathaway starrer Colossal appears to be solved.

Sources tell The Hollywood Reporter a new company formed by Radius co-founder Tom Quinn and Alamo Drafthouse owner Tim League will distribute the film that made its world premiere at the Toronto International Film Festival. On Tuesday, several publications reported that the film had been bought by a mysterious Chinese-backed U.S. studio that would be revealed in the weeks to come.

The Colossal deal, which a source pegged at mid-seven figures, was negotiated by CAA.

Colossal executive producer Choi Pyung Ho has a relationship with Quinn dating back to 2013's Snowpiercer, which Choi produced and was one of Radius' biggest hits and became a cult classic on VOD.

Quinn and League are no strangers to shrouding their projects in mystery. The two, along with Radius co-founder Jason Janego, bought Michael Moore's Where to Invade Next at last year's TIFF but declined to give any further details on the name of their company or the financing behind it.

That prompted speculation about whether or not the pair were being paid a fee to put out the doc that received a tepid response at the festival. That film, which was released in 300-plus theaters in February, was a flop compared to Moore's previous films and earned less than $4 million.

But unlike Where to Invade Next, Quinn and League are planning an ambitious release for Colossal, sources say, and beat out suitor A24 based on their unique pitch to market the film.

The pseudo-monster movie stars Hathaway as a hard-partying New Yorker who uses her mind to battle a giant lizard half a world away in Seoul. Dan Stevens and Jason Sudeikis co-star. Nacho Vigalondo wrote and directed the film.

Nahikari Ipiña, Nicolas Chartier, Zev Foreman, Dominic Rustam, Russell Levine and Shawn Williamson produced Colossal, while Jonathan Deckter, Justin Bursch, Garrett Basch, Vigalondo, Chris Lytton and Lee Jea Woo served as executive producers.

The film screened in the Vanguard section of TIFF.