The highly sought film was the center of a late-night bidding war, the trade magazine reported with such companies as Summit Entertainment, Weinstein Co., Lionsgate, Fox Searchlight and Warner Independent all competing for the rights.

The film made its world premiere Jan. 21 as part of the non-competition Premieres program. (Further screenings are scheduled for Jan. 24 and 25.) The Park City, UT, independent film festival runs through Jan. 27.

Andrew Fleming directs his and Pam Brady's script for "Hamlet 2," which stars Steve Coogan, Catherine Keener, Elizabeth Shue, Amy Poehler, David Arquette and Melonie Diaz. Spring Awakening alum Skylar Astin and Phoebe Strole also appear.

"In this rambunctious comedy," reads a film synopsis, "a high school drama teacher injects love and passion for theatre into his students by creating a musical sequel to Shakespeare's Hamlet." The teacher bases the Bard musical sequel on the conceit that nobody dies in the original play.

For more information visit sundance.org/festival.