Watch Out Mary-Kate & Ashley, There's a New Olsen Taking Over

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Mary-Kate and Ashley Olsen's little sister has scored a big hit at the Sundance Film Festival in Utah – her new film has been picked up by Fox Searchlight executives. The company has bought worldwide rights for Martha Marcy May... 000_006_763_elizabetholsen

Mary-Kate and Ashley Olsen's little sister has scored a big hit at the Sundance Film Festival in Utah – her new film has been picked up by Fox Searchlight executives.

The company has bought worldwide rights for Martha Marcy May Marlene from first-time writer Sean Durkin for an estimated $2 million.

The film stars Elizabeth Olsen, Sarah Paulson, Hugh Dancy and 2011 Oscar nominee John Hawkes.

It premiered on Friday at Sundance's Eccles Theatre and there is a ton of buzz around Elizabeth Olsen, who is already lining up her next projects.

Elizabeth, who is studying psychology at the New York University, will take a break to shoot the upcoming thriller with Robert De Niro, Sigourney Weaver and Cillian Murphy.

(Photo: Getty Images for Sundance)

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