A24 has announced the acquisition of Ginger & Rosa, a provocative story about friendship and betrayal starring Elle Fanning. The Sally Potter film had its world premiere at the Telluride Film Festival followed by a Special Presentation at the Toronto International Film Festival. The film will also screen Oct. 8 as part of the New York Film Festival.

Ginger & Rosa co-stars newcomer Alice Englert, Alessandro Nivola, Christina Hendricks, Timothy Spall, Oliver Platt, and Annette Bening. A24 plans on doing a qualifying run of the film in 2012 for awards consideration followed by a theatrical release in early 2013.

A24 says: “We fell in love with 'Ginger & Rosa.' We’ve been fans of Sally’s for a long time. She has crafted a touching, heartfelt, and extraordinary work anchored by an absolutely incredible performance by Elle Fanning which already has a tremendous amount of love from audiences and journalists alike. We look forward to bringing the film to a wide audience and showing the world one of the best performances of the year.”

Of the partnership Potter says, "I am very excited to join forces with this new, dynamic company whose passion for movies, focused energy and bold imagination make it the ideal home for 'Ginger & Rosa.'"

Ginger & Rosa was produced by Christopher Sheppard and Andrew Litvin for Adventure Pictures and marks Potter's sixth time behind the camera since splashing onto the scene with Orlando.

You can watch the previously-released trailer below: