LOS ANGELES (Hollywood Reporter) - The comedy "Surfer, Dude," starring Matthew McConaughey as a soul-searching surfer who's experiencing an existential crisis, is set for a summer release.

Starz Media subsidiary Anchor Bay Entertainment has acquired U.S. distribution rights to the film and plans to release it theatrically in late summer.

Anchor Bay, whose primary business is home entertainment, has been moving toward independent theatrical releases with films such as "The Grand" and "Sex and Death 101."

"The acquisition of 'Surfer, Dude' underscores where this company is headed," Anchor Bay president Bill Clark said. "We will continue to acquire strong titles for theatrical and DVD release while maximizing the abilities of the various divisions at Starz, including our global sales team and the premium entertainment channels."

Source: Reuters/Hollywood Reporter