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The movie, which made its world premiere last month at the Toronto Film Festival, is set to hit theaters in 2015, meaning it won’t be a contender in this year’s awards race.
Time Out of Mind also features Ben Vereen, Jena Malone, Kyra Sedgwick and Steve Buscemi.
Gere produced the indie drama alongside Blackbird Films’ Lawrence Inglee, Caroline Kaplan, Edward Walson, Cold Iron Pictures’ Miranda Bailey and River Road Entertainment’s Bill Pohlad.
“Time Out of Mind is for me 10 years in the making and is certainly one of my most personal films,” Gere said in a statement. “Oren and I can think of no better partner than IFC to support and embrace our film.”
Added IFC Films/Sundance Selects president Jonathan Sehring, “Richard Gere gives a career-topping performance in this beautiful, moving and soulful film from Oren Moverman.”
WME Global, ICM Partners and Paradigm brokered the deal with IFC.
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