The sale comes four months after the film released in Australia.
Wayne Blair's feature debut will also open the Melbourne International Film Festival after its world premiere this Saturday in Cannes
He will be the first chair not drawn from the membership of the organisation and will be based in London.
Arclight is representing the science fiction time travel thriller Predestination, which has Ethan Hawke attached
The Directors Guild Award, held in Sydney on Friday evening, doubled as their 30th anniversary celebration
The new film is being produced by James and Kirsty Vernon, who have also just signed a first-look deal with Universal
The teaser trailer is going into cinemas on Sacha Baron Cohen's new film this week
The deal with Michael Favelle's sales outfit is for VOD and sell through in North America