Netflix has acquired the rights to the new film May December.
The news follows May December's premiere Saturday at the Cannes Film Festival, where it received an eight-minute standing ovation.
The deal is being finalized by CAA Media Finance and UTA Independent Film Group, with Rocket Science to broker international deals.
Variety said Netflix won out against several other bidders, including Neon. The deal is the first big sale at Cannes this year.
May December is written by Samy Burch and directed by Todd Haynes (Carol).The film centers on a married couple (Moore, Charles Melton) with a large age gap that shocked the nation and resulted in Moore's character serving prison time 20 years ago. In the present day, an actress (Portman) travels to meet the couple and prepare to play Moore's character in a film.
Moore and Haynes previously collaborated on the 2002 film Far From Heaven.
