Sony Pictures Classics has acquired director Richard Linklater's Before Midnight at the Sundance Film Festival. The drama starring Ethan Hawke and Julie Delpy is the third film centering on their beloved Jesse and Celine characters, following 1995's Before Sunrise and 2004's Before Sunset. Here's what the studio had to say about their acquisition in a statement.

""In 1991 we were in Sundance with Slacker and we witnessed the birth of a major American filmmaker. At Sundance 2013 with Before Midnight, we have further confirmation that Richard Linklater is a film master at the peak of his form. This one has it all as entertainment and as a work of cinematic art. It is a perfect movie made by not one but three auteurs, Rick, Ethan Hawke, and Julie Delpy. This movie will be incredibly successful around the world. And the acquisition is all the sweeter for our being back with Rick and producers Martin Shafer, Liz Glotzer and John Sloss."

Before Midnight is set in Greece, following Jesse and Celine, nearly 20 years after their first encounter on a Vienna train in Before Sunrise. The studio hasn't announced when they plan on releasing the indie drama.