Fox Searchlight reportedly paid $10 million for the rights to The Way Way Back at Sundance in February. Directed by Nat Faxon and Jim Rash — who won an Oscar for their screenplay for The Descendents. Over the course of his summer break, a teenager comes into his own thanks in part to the friendship he strikes up with one of the park’s managers. In theaters July 5th, a rather busy box-office weekend. Watch the trailer after the cut.