Manny The Movie Guy /

Elizabeth Olsen, the younger sister of Mary Kate and Ashley is cementing her status as the ingenue of the year! Her film, "Martha Marcy May Marlene, " written and directed by Sean Durkin is making waves at the Sundance Fest and has just been acquired by Fox Searchlight Pictures, home of "Slumdog Millionaire " and "Black Swan. "

Co-starring Sarah Paulson, John Hawkes, and Hugh Dancy, "Martha Marcy May Marlene " follows Olsen's Martha, a damaged woman haunted by painful memories and increasing paranoia, who struggles to reassimilate with her family after fleeing a cult.

Fox Searchlight is planning to release the film sometime this year.

According to Fox Searchlight Pictures Presidents Nancy Utley and Stephen Gilula, “We were all captivated by the compelling performances and the expert craftsmanship of Sean Durkin."

Meanwhile, Durkin said, "We are excited to be working with Searchlight, a company that has consistently embraced new voices and unique storytelling.”