indieWIRE reports that Cinema Guild will distribute Andrew Bujalski’s Beeswax. The film, which I reviewed at SXSW, is Bulajski’s third feature; its predecesors, Funny Ha Ha and Mutual Appreciation, were self-released after the former won an Independent Spirit Award and the later completed a successful festival run. Word on the street is that the new film will open in New York later this summer, after its run at BAMcinemaFEST.

Cinema Guild has been quite busy of late, actvely acquiring old fashioned art films in danger of falling through the ever-widening gap between festival acclaim and traditional theatrical release. A couple of weeks ago, they announced a deal on Clair Denis‘ 35 Shots of Rhum; a few weeks before that, they launched a home video label through which they plan to release a number of titles formerly owned by the shuttered New Yorker Films.