The drama premiered at the Sundance Film Festival and Berlin Film Festival earlier this year. Strand is planning a release for late this year or early next year.
SEE ALSO: Film Review: "Interior. Leather Bar."
"Cruising" was directed by William Friedkin and based on the novel by Gerald Walker.
Producers are Franco, Matthews, Vince Jolivette, Iris Torres and Keith Wilson. Franco and Matthews directed from Matthews' script.
The deal was negotiated with Marcus Hu and Jon Gerrans for Strand and Jason Ishikawa and Andrew Herwitz for The Film Sales Co. on behalf of the producers.
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