By Sandra Gonzalez
Updated September 09, 2010 at 04:43 PM EDT

Fox Searchlight Pictures announced today it has acquired the U.S. rights to Terrence Malick’s (Badlands, The Thin Red Line) long-delayed project The Tree of Life. The 1950s-set drama stars Brad Pitt, Sean Penn, and Jessica Chastain. It is set for release in 2011. The studio’s announcement said in part: “The Tree Of Life is the impressionistic story of a Midwestern family in the 1950s chronicling the journey of the eldest son, Jack (played as an adult by Sean Penn), through the innocence of childhood to his disillusioned adult years — trying to reconcile the complicated relationship with his father (Brad Pitt). Jack finds himself a lost soul in the modern world, seeking answers to the origins and meaning of life while questioning the existence of faith.”