IM Global has come aboard to sell the film to international buyers starting at the Cannes Film Festival next week. Cassian Elwes, an executive producer on the project, is handling domestic rights.
The film reunites Costner with "The Upside of Anger" director Mike Binder, who wrote and will directed "Black and White." It will begin shooting this summer in New Orleans.
Costner's Treehouse Productions and Binder's Sunlight Productions are co-producing the project, about widowed attorney Elliot Anderson (Costner) and his bi-racial granddaughter, Eloise. Eloise's mother, Eliot's daughter, died giving birth.
In the movie, Eloise's grandmother Rowena (Spencer) wants Eloise's father (and her son) to care for the child. Eliot and Rowena then spar over custody.
"We’re delighted to come onboard such a powerful, compelling project with the Costner/Binder team that memorably brought us The Upside of Anger," Ford said in a satement. "Kevin’s recent critical achievements as both an actor and producer with Hatfields & McCoys give the project added momentum and we’re expecting a strong distributor response in Cannes.”
Ford and IM Global president Jonathan Deckter made the deal with Elwes. Spencer can next be seen in Sundance favorite "Fruitvale," which the Weinstein Co. will release July 26. She is represented by WME.