Richard Gere's 'Time Out of Mind' Sells to IFC Films in U.S.

Courtesy of New York Film Festival

Gere plays a homeless man on the streets of New York City

IFC Films has picked up U.S. rights to filmmaker Oren Moverman's Time Out of Mind, starring Richard Gere as a homeless man on the streets of New York City who is estranged from his daughter.

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.

Read more New York Film Fest: 'Time Out of Mind' Star Richard Gere Receives Career Tribute

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.