Altered Innocence has picked up all U.S. rights to Guðmundur Arnar Guðmundsson’s second feature film “Beautiful Beings,” which was an official selection in the Panorama section of Berlinale this year. A theatrical release is planned for early next year.

The follow-up to the critically acclaimed “Heartstone” is an exploration of the deep bonds of adolescent friendship disrupted by penchants for violence with one foot placed in the realm of the supernatural.

The film centers on Addi, a boy raised by a clairvoyant mother, who decides to adopt a bullied misfit into his gang of outsiders. Left to their own devices, the boys explore aggression and violence but also learn about loyalty and love. As the group’s behavior escalates toward life-threatening situations, Addi begins to experience a series of dreamlike visions.

In Jessica Kiang’s review for Variety, she writes: “Guðmundur Arnar Guðmundsson’s beautiful and cruel second...