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Regent Releasing/Here Films has acquired U.S. rights to David Oliveras' teen drama "Watercolors," from Silverlight Entertainment.

The film will open theatrically, as part of a split triple bill with "Misconceptions" and "Murder in Fashion" on Jan. 22 in New York and Los Angeles.

The film stars Tye Olson, Kyle Clare, Greg Louganis and Karen Black.

Indie Roundup is your weekly guide to what's new and upcoming in the wonderful world of independent film. Pictured above, clockwise from upper left: Watercolors, Down Terrace, The Human Centipede (First Sequence), The Dungeon Masters.

Deals. Regent Releasing has acquired Watercolors, a drama directed by David Oliveras. Flashbacks reveal the troubled relationship between Danny (Tye Olson), a budding artist, and Carter (Kyle Clare), a high school swimming star. Years later, Danny is still dealing with the aftershocks. "Writer/director David Oliveras has created a powerful and erotic feature length debut," wrote Gregg Shapiro in Chicago Free Press. The film plays in New York and Los Angeles starting on January 22 as part of a three-film series, and starts January 29 in San Francisco. More information is available at the official site.

Our friends at indieWIRE report that Magnet Releasing has picked up Ben Wheatley's Down Terrace, described as a criminal 'genre bender.

Thomas Gustafson's "Were the World Mine," which recounts an all-boys high school production of Shakespeare's "A Midsummer Night's Dream," was named outstanding U.S. dramatic feature at Outfest, which handed out its awards Sunday night. "World" also played as the awards night feature at the Ford Amphitheatre in Hollywood.

The fest, which formally closes Monday night, also honored Lucia Puenzo's "Xxy" as best international dramatic feature. Daryl Wein's "Sex Postitive" took the documentary award. Tye Olson was chosen best actor in a feature for "Watercolors"; Nicole Bilderback was best actress for "The New Twenty."

James Bolton earned the screenwriting award for "Dream Boy."

Madeleine Olnek's "Countertransference" was named best dramatic short; Amanda Micheli and Isabel Vega's "La Corona" (The Crown) was hailed as best documentary short.

David Assmann's "Football Under Cover" received the Freedom Award.

Dave O'Brien was recognized with the Emerging Talent Award for "Equality U."

Matt Wolf took the prize for Artistic Achievement for "Wild Combination: A Portrait of Arthur Russell."

Audience awards went to David Oliveras, "Watercolors," first dramatic feature; Andrew Fleming, "Hamlet 2," dramatic feature; Carolyn Coal, "A Place to Live," documentary feature; Lee Sung-eun, "I'm Jin-Young," dramatic short; Micheli and Vega, "La Corna," documentary short; and "Hamlet 2," soundtrack.