The U.S. theatrical release of Brad and John Hennegan's Kentucky Derby documentary, "The First Saturday in May" will be handled jointly by Churchill Downs Incorp. and Truly Indie. The film will open in major markets including New York and Los Angeles on April 18 with a planned expansion on April 25. "May" chronicles the journey of a diverse cast of six hard-working trainers as they jockey for a position along the 2006 Kentucky Derby trail. The deal was negotiated by Michael Overn with Truly Indie executive director Kelly Sanders and head of business and legal affairs Jason Janego. [Brian Brooks]