The Orchard has acquired worldwide theatrical and ancillary distribution rights to director Linas Phillips’ drama “Rainbow Time,” two months after its world premiere at SXSW. “Rainbow Time” stars Phillips, Melanie Lynskey, Timm Sharp, Artemis Pebdani, Jay Duplass and Tobin Bell. Phillips and Jay Duplass starred in last year’s “Manson Family Vacation.” “Rainbow Time” was produced...