Schamus received the Cannes Film Festival Award for Best Screenplay, and Weaver won the BAFTA Award for Best Actress in a Supporting Role. Critical response to the film was positive, and it was selected to compete for the Palme d'Or at the 1997 Cannes Film Festival. Its limited release ultimately grossed US$8 million on a budget of US$18 million. The film opened in the United States on September 27, 1997. Set during Thanksgiving 1973, The Ice Storm is about two dysfunctional New Canaan, Connecticut, upper-class families who are trying to deal with tumultuous social changes of the early 1970s, and their escapism through alcohol, adultery, and sexual experimentation. The film features an ensemble cast of Kevin Kline, Joan Allen, Tobey Maguire, Christina Ricci, Elijah Wood, Katie Holmes, Glenn Fitzgerald, Jamey Sheridan, and Sigourney Weaver. The Ice Storm is a 1997 American drama film directed by Ang Lee, based on Rick Moody's 1994 novel of the same name.
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