Fox Searchlight Pictures has snapped up two Sundance Film Festival films in rapid succession. On Sunday night, Fox Searchlight presidents Stephen Gilula and Nancy Utley announced that the company had acquired “most worldwide rights” to first-time filmmaker Gavin Wiesen’s HOMEWORK, a coming-of-age story starring Freddie Highmore, Emma Roberts, Michael Angarano, Elizabeth Reaser, Rita Wilson, Sam Robards and Blair Underwood, which debuted Sunday in the festival’s U.S. Dramatic Competition. A 2011 release is planned. Reported price tag: more than $3 million.

Then on Monday, Utley and Gilula announced that they had acquired the worldwide rights another first-time feature effort: Sean Durkin’s suspenseful MARTHA MARCY MAY MARLENE, starring festival “It” girl Elizabeth Olsen as well as Sarah Paulson, John Hawkes and Hugh Dancy. Fox Searchlight reportedly paid $2 million for the rights to the film, which premiered at the Sundance Film Festival on Friday in the U.S. Dramatic Competition and is also slated for a 2011 release.

Be sure to satisfy all your festival needs with the latest buzz, top stories, and celebrity interviews from Sundance Channel’s coverage of the 2011 Sundance Film Festival.