Seven Arts, GFM acquire Cassavetes pic

Nick Cassavetes' dark comedy "Yellow" has been acquired by the newly minted distribution venture between Seven Arts Entertainment and GFM Films."Yellow" centers on a young woman who comes to terms with her family's shadowed past. The ensemble cast features Sienna Miller, Melanie Griffith, Gena Rowlands, Ray Liotta and Heather Wahlquist. The film has completed shooting and is expected to be ready in the spring. Seven Arts and GFM said they expect the film to premiere at a major film festival next year.Peter Hoffman of Seven Arts and Michael Ryan of GFM negotiated the terms with Manu Kumaran of Medient for the acquisition of worldwide rights. Jeff Berg of ICM will sell the film for the USA. Contact Dave McNary at dave.mcnary@variety.com