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Monterey Media has acquired North American distribution rights to the indie drama “Memoria,” starring James Franco, Sam Dillon and Thomas Mann.

“Memoria” had its world premiere Sunday at the Austin Film Festival. Monterey Media plans to release the film next year.

The film is based on the short story by Franco. “Memoria” was written and directed by Nina Ljeti and Vladimir de Fontenay, and produced by Rabbit Bandini Productions and Burn Later Productions with the Art of Elysium.

“Memoria” is the second film in Monterey’s release lineup produced by the Art of Elysium and Rabbit Bandini Productions, following “Yosemite.” All of the funds from these films go to the Art of Elysium, a non-profit organization which supports and encourages bringing the arts to hospitalized youth, elders and the homeless community.

The film follows an anti-social boy, played by Dillon, who’s living in the suburbs of Palo Alto, Calif., and retreating to a world of military combat within the confines of his bedroom. Franco plays a teacher at the boy’s school.

“James and I are thrilled that ‘Memoria’ is the second film to be released with the Rabbit Bandini/the Art of Elysium partnership,” said Vince Jolivette, partner with Franco at Rabbit Bandini. “These films are so special to us because they bring together our passion for giving young, talented artists such as Nina and Vlad the chance to create, our love for philanthropy and our production company.”

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