“East Bay,” a dark comedy film starring “Fresh Off the Boat” and “Crazy Rich Asians” star Constance Wu, has been picked up for North American distribution and world sales by Level 33 Entertainment.

The film won the audience award last year at the Cinequest Film and Creativity festival in San Jose. Level 33 plans to release it next month in North American theaters, ahead of a later digital outing.

Wu portrays the close friend of a man who feels he has let down his immigrant parents and, after a string of personal and professional humiliations, is forced to accept that he is a failure. His friends, an arts administrator, a guru and computer programmers, each have issues of their own and struggle with pressure to be happy and successful. As the man tries to get back on track, he has hallucinations that make him question reality.

“East Bay” is written directed and produced by Daniel Yoon,...