By Francisco Salazar (staff@latinospost.com) | First Posted: Sep 12, 2013 12:35 AM EDT

"August: Osage County" has received a new trailer.

The Weinstein Company released a new trailer which shows the film's dramatic and comic touches. The new movie, starring Julia Roberts ("Mirror Mirror") and Meryl Streep ("The Iron Lady"), tells the story of a family who is reunited when crisis strikes.

The movie is slated to be a huge Oscar contender with many pundits speculating that both Roberts and Streep have chances of obtaining Oscar nominations for their roles in the film. The film premiered at the Toronto Film Festival where it received rave reviews.

Scott Foundas of Variety was enthusiastic and stated, "This two-ton prestige pic won't win the hearts of highbrow critics or those averse to door-slamming, plate-smashing, top-of-the-lungs histrionics, but as a faithful filmed record of Letts' play, one could have scarcely hoped for better."

Meanwhile, Tom Robey of the Daily Telegraph also gave the movie a positive review: "A vastly enjoyable theatrical banquet, if perhaps not a profound one, is served up in a bit of a rush here, as if they can't wait to get the next sitting in. But you certainly don't come away feeling hungry."  

The picture was directed by John Wells ("The Company Men") and also stars Ewan McGregor ("The Impossible"), Abigail Breslin ("Little Miss Sunshine"), Margo Martindale ("Bluebird"), Chris Cooper ("Adaptation"), Benedict Cumberbatch ("Star Trek: Into Darkness"), Sam Shepard ("Mud") and Dermont Mulroney ("Stoker").

The Weinstein Company is slated to release the movie on Dec. 25 in limited release. "August: Osage County" is rated R for language including sexual references, and for drug material.

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