Summit picked up most worldwide rights to "The Impossible," the second Naomi Watts feature on its slate.
Watts will co-star with Ewan McGregor in the film based on a true story from the 2004 tsunami that ravaged Thailand. Ewan McGregor will co-star.
Summit will also distribute "Fair Game," in which Watts plays outed CIA agent Valerie Plame, to North America and several other markets. Sean Penn co-stars in the Doug Liman film that will debut at Cannes.
"Impossible" is set to begin production in late summer.