Adopt Films has acquired U.S. theatrical rights to Debbie Goodstein’s semi-autobiographical coming-of-age comedy-drama Mighty Fine, the distributor’s co-managing executive Jeff Lipsky announced. Set in the 1970s, Mighty Fine is the story of Joe Fine, a high-spirited man who relocates his family — wife Stella, and daughters Nathalie and Maddie — from Brooklyn to New Orleans in search of a better life and palatial home, but his dreams and extravagance far exceed his means. Chazz Palminteri (Bullets Over Broadway, A Bronx Tale) and Andie MacDowell (sex lies and videotape, Groundhog Day) play the parents, and Jodelle Ferland (The Twilight Saga: Eclipse, Tideland) and Rainey Qualley (MacDowell’s daughter, in her debut) play the daughters. Adopt plans a 2012 Memorial Day weekend platform rollout.

Goodstein helmed the 1988 Holocaust-themed documentary Voices From The Attic and wrote 1991’s Emmy-nominated Saying Kaddish. Mighty Fine was produced by Ajae Clearway and Kathryn Wallack. Lipsky negotiated the deal with the movie’s co-executive producer Barbara Goodstein. Mighty Fine is the third title acquired by the newly formed Adopt Films. All were directed by women. The award-winning documentary The Ballad of Genesis and Lady Jaye is slated to open in March, and Anne Émond’s Toronto fest entry Nuit #1 is set for late summer 2012. Minnesota-based Tim Grady and Karen Sternal are Lipsky’s co-managing executive partners.