Interior. Leather Bar.

Months after premiering at the Sundance and Berlin Film Festivals, James Franco and Travis Mathews' racy erotic drama "Interior. Leather Bar." has found a home with Strand Releasing, who acquired U.S. and select foreign rights. The film is inspired by the rumored 40-minutes of gay S&M footage edited out of the orignial cut of the 1980 thriller "Cruising," that starred Al Pacino.

"I am so excited and pleased that this unusual film has found the perfect home. We are so proud of this and happy to be working with Strand Releasing" said Franco.

READ MORE: Trailer for James Franco Co-Directed Sundance-Selected 'Porn,' 'Interior. Leather Bar.' (Video)

"Strand has a long history of pioneering queer art films that challenge the norms of the day; we really couldn't ask for a better fit for our film," Mathews added.

The deal was negotiated with Marcus Hu and Jon Gerrans for Strand Releasing and Jason Ishikawa and Andrew Herwitz for The Film Sales Company on behalf of the producers.

Strand plans for a late 2013/early 2014 release.