Calling it the "most sought-after film of the Toronto International Film Festival," the Hollywood Reporter tells us Picturehouse has snatched up all North American rights to El Cantante (aka that JLo-Marc Anthony flick). Completing the deal at 5:30am this morning (which means everyone was either drunk or just woke up way too early) and paying just under $6 million, Picturehouse beat out a slew of other distributors including Miramax, Focus Features and The Weinstein Co.

Pic, which stars the real-life husband and wife duo (who also play husband and wife in the film), tells the true story of Hector Lovoe, a man who began the salsa movement back in 1975 and subsequently brought the sexy dance to the United States. Currently, Picturehouse plans to release the film next summer on roughly 500-700 screens, before going wide with it. Word on the street says Lopez is outstanding in the pic and may even deserve an Oscar or a Golden Globe for her performance. I'm not sure I would go that far, but it does up my interest in the film.